The market demand for a pair of duopolists is given as p , Ask an Expert

Economics

The market demand for a pair of duopolists is given as P = 72 - 3Q, where Q= Q1 + Q2. Total costs equal 24Q for each firm. Determine the equilibrium price, each firm's output and profit for the following models:

a. Shared Monopoly
b. Cournot Duoplists (each rival assumes output is fixed)
c. Stackelberg Duopolists (assume firm one is the leader)
d. Bertrand Duopolists (competitive case)

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M965414

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