Suppose that two firms are Cournot competitors. Industry demand is given by: where is the output of Firm 1 and is the output of Firm 2. Both Firm 1 and Firm 2 face constant marginal and average total costs of $20.

They can use the north star to estimate their location in the ocean.

Z-gadgets has developed a mini-laptop that will be marketed in developing countries. it is estimated that the requirement for the new product will start out slow and accelerate as the product becomes increasingly familiar to worldwide consumers. to begin to staff the new production facilities, the company should conduct a(n):   demand forecast