The market demand function is Q = 10,000 - 1,000p. Each firm has a marginal cost of mequals$0.16. Firm 1, the leader, acts before Firm 2, the follower. Solve for the Stackelberg-Nash equilibrium quantities, prices, and profits. Compare your solution to the Cournot-Nash equilibrium.
The Stackelberg-Nash equilibrium quantities are:
q 1 = units and q 2 =units.
The Stackelberg-Nash equilibrium price is:p = $.Profits for the firms areprofit1 = $and profit2 = $.The Cournot-Nash equilibrium quantities are:q1=units and q2=unitsThe Cournot-Nash equilibrium price is:p = $.Profits for the firms areprofit1 = $and profit2 = $
Answers: 1
Business, 23.06.2019 00:30
What level of measurement (nominal, ordinal, interval, ratio) is appropriate for the movie rating system that you see in tv guide?
Answers: 2
Business, 23.06.2019 02:00
Which of the statements is true about the values recorded in the balance sheet of a firm?
Answers: 2
Business, 23.06.2019 14:30
You received to create an urgent presentation with predesigned and preinstalled elements. which option will you use?
Answers: 2
The market demand function is Q = 10,000 - 1,000p. Each firm has a marginal cost of mequals$0.16. Fi...
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Mathematics, 14.11.2020 01:00
Arts, 14.11.2020 01:00