Business, 15.11.2019 00:31 marcustuo1

Let demand for car batteries be such that q = 100 − 2p. assume constant marginal costs of 25. compute the equilibrium price, quantity, consumer surplus, producer surplus and if relevant deadweight loss for:

a perfectly competitive market
a monopoly
two firms engaged in cournot competition.
two firms engaged in bertrand competition.
repeat the above, excluding bertrand competition, for a model 2 where firms have a fixed cost for all production greater than zero of 5 dollars. note that the perfectly competitive outcome is hard to define. so lets replace that with a simple version of monopolistic competition. using a zero-profits condition as a guide for the amount of entry what would be the outcome for this market (including the number of firms) following monopolistic competition?

answer the second part of the question repeat the above etc..

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:40

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?

Answers: 1

Answer

Business, 22.06.2019 20:00

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

Answers: 3

Answer

Business, 22.06.2019 23:40

When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.

Answers: 2

Answer

Business, 23.06.2019 11:50

Andrew owns a store in polk county. his trade extends throughout river city, but not beyond the county limits. he sells his store to betty and, as part of the transaction, agrees not to engage in the same business anywhere in river city for a period of five years. a. the time restraint is likely reasonable. b. the geographic restraint is likely reasonable. c. the agreement likely violates antitrust laws and the provision is not enforceable. d. both (a) and (b).

Answers: 1

Answer

You know the right answer?

Let demand for car batteries be such that q = 100 − 2p. assume constant marginal costs of 25. comput...

Questions