If firms produce identical products and have the same constant marginal cost, explain why the nash-bertrand equilibrium price and market quantity are the same regardless of the number of firms. the nash-bertrand equilibrium is the same regardless of the number of firms because a. the elasticity of demand will determine the price markup over marginal cost. b. the consumers will always purchase from the firm with the lowest price. c. the equilibrium price will always be greater than marginal cost. d. the level of competition is less than at the price-taking equilibrium.

The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?