Question
Help!! There are two firms who collude and behave like one firm but with two plants. MC1=10, MC2=30. Market demand Q=200-P. Two plants maximize profits. What is total profit nad production, price in each plant?
Answers
There is also presumption that plant1 can produce max 90 nad plant2 max 30.
I really need help with this exercise.
I really need help with this exercise.
Related Questions
Two firms, A and B, each currently dump 50 tons of chemicals into the local river. The government ha...
You own four firms that produce different products. The following table summarizes the conditions i...
How large firms and small firms could utilize change management concepts to meet growing technology...
Which of the following firms caould raise prices and expect an increase in revenues?
A)a firm produ...
How much do the firms in the economy produce? what determines a nation's total income?
Which of the following firms of "you" in Spanish would you use tonadress a close friend?
A. TĂș
B....
There are only a few firms that produce At-Home Back Waxing Kits. Demand for these kits
is given b...
Which of the following firms have more than 20 partners?
When firms get together and agree to charge the same prices it is known as price fixing. True or fal...
2) Many firms use on-the-job training to teach their employees computer programming. Suppose you wor...