![subject](/tpl/images/cats/ekonomika.png)
Business, 11.05.2021 16:10 ILOVEAARON39821
The market for an industrial chemical has a single dominant firm and a competitive fringe comprised of many firms that behave as price takers. The dominant firm has recently begun behaving as a price leader, setting price while the competitive fringe follows. The market demand curve and competitive fringe supply curve are given below. Marginal cost for the dominant firm is $0.75 per gallon.
QM = 140,000 - 32,000P
QF = 60,000 + 8,000P, where QM = market quantity demanded, and QF = the supply of the competitive fringe.
Quantities are measured in gallons per week, and price is measured as a price per gallon.
Required:
a. Determine the price and output that would prevail in the market under the conditions described above. Identify output for the dominant firm as well as the competitive fringe.
b. Assume that the market demand curve shifts rightward by 40,000 units. Show that the dominant firm is indeed a price leader. What output (leader and follower)and market price will prevail after the change in demand?
![ansver](/tpl/images/cats/User.png)
Answers: 2
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 19:00
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 19:40
Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 20:00
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
You know the right answer?
The market for an industrial chemical has a single dominant firm and a competitive fringe comprised...
Questions
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/mkx.png)
Arts, 29.03.2021 20:50
![question](/tpl/images/cats/mat.png)
Mathematics, 29.03.2021 20:50
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 29.03.2021 20:50
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 29.03.2021 20:50
![question](/tpl/images/cats/mat.png)
Mathematics, 29.03.2021 20:50
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/health.png)
![question](/tpl/images/cats/mkx.png)
Arts, 29.03.2021 20:50
![question](/tpl/images/cats/en.png)
English, 29.03.2021 20:50