(Answered) The average avoidable cost for a fringe firm is aacq 20q

Management Studies

The average avoidable cost for a fringe firm is AAC(q) = 20/q +5q. The marginal cost function for a fringe firm is MC = 10q. There are 10 fringe firms. The marginal cost of the dominant firm is 2 and the demand function is Q = 100 - P.

(a) What is the supply function of the fringe? What is p0?

(b) What is the residual demand function for the dominant firm?

(d) Compare monopoly profits to the profits of the dominant firm. Which market structure is socially preferable, dominant firm or monopoly? Why?

View complete question

Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M91545030
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Management Theories

Df or computer forensics cf laboratory and what actually

(DF) or computer forensics (CF) laboratory and what actually one would find in a lab. Trust me, there are many different artifacts surrounding the DF/CF lab. After you find the article, you are to write a short 1-2 repor ...

Identify how protecting sovereign boundaries in regards to

Identify how protecting sovereign boundaries in regards to intellectual property has a positive effect on the GDP . Your answer should be in complete sentences

Case study assignment -case description liang global

Case Study Assignment - Case Description: Liang Global Solutions (LGS) operates in the six New England states. LGS faced an important decision: selecting network software that would maximize functionality, manageability, ...

Questionthere is no consensus on a definition of complex

Question: There is no consensus on a definition of complex systems or complex adaptive systems. Both terms are frequently used interchangeably within the literature. Rather, it is much easier to look at the characteristi ...

What is the difference between a linear quadratic and cubic

What is the difference between a linear, quadratic, and cubic regression analysis? Please provide a reference.

Discussion assignment - discuss the following statementif

Discussion Assignment - Discuss the following statement: If management gets a union, it deserves one. Take a position for or against the statement and support your argument with both your research into the subject (refer ...

Discussion assignment -the overall design and costs of an

Discussion Assignment - The overall design and costs of an organization's benefits plans are an important part of their people strategy for attracting and retaining a talented workforce. For example, health care costs ar ...

Assignment overview -this assessment item requires you to

Assignment Overview - This assessment item requires you to consider:- The operation of diverse and complex government and non-government project contractural arrangements relevant to a range of managed services, ICT, and ...

Assessment descriptionthis assessment is a culmination

Assessment Description This assessment is a culmination piece, in which you will be given an opportunity to combine the information you have accumulated in Assessments 1 and 2. More importantly, you will need to showcase ...

Seek out at least three individuals within your sphere of

Seek out at least three individuals within your sphere of influence and ask the following: What does workplace stress feel like to you? What activities or actions do you or your organization initiate to reduce workplace ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Management Theories Expert