Question 84: Consider a Cournot duopoly, the firms face an (inverse) demand function: Pb = 215 - 7 Qb, The marginal cost

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Question 84 Consider A Cournot Duopoly The Firms Face An Inverse Demand Function Pb 215 7 Qb The Marginal Cost 1 (34.9 KiB) Viewed 25 times

Question 84: Consider a Cournot duopoly, the firms face an (inverse) demand function: Pb = 215 - 7 Qb, The marginal cost for firm 1 is given by mel=30 The marginal cost for firm 2 is given by me2=90 (Assume firm 1 has a fixed cost of $ 78 and firm 2 has a fixed cost of S 135 ) What quantity will firm 2 produce in the duopoly equilibrium? Primer says: Yay! The correct answer is: 6.29. Please login/register to earn points, Hints Question : Consider a Cournot duopoly, the firms face an (inverse) demand function: Ph 215 - 7 Qb. The marginal cost for firm 1 is given by mel - 30. The marginal cost for firm 2 is given by m2 90 (Assume firm has a fixed cost of S 78 and firm 2 has a fixed cost of $ 135 How much profit will firm 2 carn in the doopoly equilibrium? Primer says: Yay! The correct answer is: 31942. Please loginiregister to eam points. Hints Question #6: Consider a Cournot daopoly, the firms face an (inverse) demand function: Pb=215 - 7 Qb. The marginal cost for firm 1 is given by mel = 3 Q. The marginal cost for firm 2 is given by me2=9Q. (Assume firm has a fixed cost of $ 78 and firm 2 has a fixed cost of $ 135 ) What is level of total surplus in the duopoly equilibrium ? Primer says. Yay! The correct answer is: 2249.78. Please login/register to earn points