{20 pts} hi so im doing a tchart on a decision for economics with financial literacy. i need 3 more costs and if possible 3 more benefits. my question is "should i get a car?"
so far for costs (c) and benefits (b) i have: C: "it will be expensive"
B: "but it will be worth it in the end especially if i start saving now"
C: "i will have to have enough money for gas each week"
B: "it gives me a good source of transportation"
C: "it comes with alot of responsibilities" B: "ill have a little bit of freedom"
C: "i will have to research what car would work best for me and a good insurance company"
B: "i will have a good car that would suit me best and good insurance coverage"
C: "ill have to get a good job to help me pay for it as well as for the extra things such as taxes and if something goes wrong"
B: "with a good job i can also start learning how to make good choices with the money i make"

1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?