0 35 Two Firms A And B Are Competing In A Coursot Doopoly The Reaction Function Of Firms A Is Gives By P 0 30 35 49 1 (13.57 KiB) Viewed 10 times
0 35 Two Firms A And B Are Competing In A Coursot Doopoly The Reaction Function Of Firms A Is Gives By P 0 30 35 49 2 (13.99 KiB) Viewed 10 times
0₁-35- Two firms A and B are competing in a Coursot doopoly. The reaction function of firms A is gives by p 0₁-30- 35-49, where and Q represent the quantity of output produced by fins A and firm 15 respectively 1. If firm A decides to produce 50 units, how many units will firm B produce? 2. If firm B decides to produce 40 units, how many units will firm A produce 3. What quantity of output does ach firm produce in the Cournot equilibrium 4. Suppose the market inverse demand is P-150-2(0,+0) 4.a Determine the price charged in this market in the Cournot equilibrium 4.b Determine the revenue generated by each firm in the Cournot equilibrium. and the action of form is given try
A game involves two firms firm I and firm 2. The payoffs matrix of the game is as follows Fum 2 E 150,100 200,200 250.300 A B D 50,50 100,150 150,250 250,150 300,250 350,250 1. If firm 1 plays strategy B, what is the best action for firm 27 Explain! 2. If firm 2 plays strategy F, what is the best action for firm 12 Explain! 3. Is there a dominant strategy for each firm? Explain. 4. Is there a secure strategy for each firm? Explain. 5. In a one-shot game, what is the Nash Equilibrium of the game? Explain your answer! AUT-10 RC ALTEN+F10/Mac
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