A duopoly faces a market demand of p 150 -a Firm 1 has a constant marginal cost of MC-$40. Firm 2's constant marginal cost is MC - sa0. Calculate the output of each firm, market output, and price if...


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A duopoly faces a market demand of p 150 -a Firm 1 has a constant marginal cost of MC-$40. Firm 2's constant marginal cost is MC - sa0. Calculate the<br>output of each firm, market output, and price if thare is (a) a collusive equilibrlum or (b) a Cournot equilibrium<br>The collusiva equilibrlum occurs where q, equals and q, equals (Enter numeric responses using real numbers rounded to two decimal placea)<br>Market output is<br>The collusive equilibrium price is SN<br>The Cournot-Nash equilibrium occurs where q, equalsand a equals<br>Market output is<br>Furthermore, the equilibrium occurs at a price of $<br>

Extracted text: A duopoly faces a market demand of p 150 -a Firm 1 has a constant marginal cost of MC-$40. Firm 2's constant marginal cost is MC - sa0. Calculate the output of each firm, market output, and price if thare is (a) a collusive equilibrlum or (b) a Cournot equilibrium The collusiva equilibrlum occurs where q, equals and q, equals (Enter numeric responses using real numbers rounded to two decimal placea) Market output is The collusive equilibrium price is SN The Cournot-Nash equilibrium occurs where q, equalsand a equals Market output is Furthermore, the equilibrium occurs at a price of $

Jun 07, 2022
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