Given P=140-0.6Q, TC1=7q1, TC2=0.6q2 the power of 2. A. Determine the short run equilibrium output of each duopoly ignoring their Independence ( with naive assumptions). B. What is the short run market price ? C. Find the demand functions of the duopolies ( the reactions curves or graphic solution of cournot model & draw) & show the short run output levels. D. calculate the short run profit of each duopoly & the industry profit. E. verify the economic profit of each duopoly graphically.

Question

surafel · Accepted Answer

Given P=140-0.6Q, TC1=7q1, TC2=0.6q2 the power of 2. A. Determine the short run equilibrium output of each duopoly ignoring their Independence ( with naive assumptions). B. What is the short run market price ? C. Find the demand functions of the duopolies ( the reactions curves or graphic solution of cournot model & draw) & show the short run output levels. D. calculate the short run profit of each duopoly & the industry profit. E. verify the economic profit of each duopoly graphically.

Getachew · Answer

what is the short run market price?

murtesa · Answer

its not clear for me

Kebeki rafisa · Answer

Yes enable me

𝕐𝕠𝕞𝕚𝕗 · Answer

𝕄𝕚𝕔𝕣𝕠

Alemayehu · Answer

P=140-0.6Q, TC1=7q1, TC2=0.6q2 the power of 2. A. Determine the short run equilibrium output of each duopoly ignoring their Independence ( with naive assumptions). B. What is the short run market price ? C. Find the demand functions of the duopolies ( the reactions curves or graphic solution of cournot model & draw) & show the short run output levels. D. calculate the short run profit of each duopoly & the industry profit. E. verify the economic profit of each duopoly graphically.
Adugna
Apr 28, 2016