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The two beverages companies Barnco and Petrico are duopolists who produce identical products. Demand for the beverages is given by the following linear demand functions: P=200-q1-q2, where q1 and q2are the quantities produce by the respective firms and P is the selling price. Total cost functions of the two companies are: TC1=1500+55q1+q12and TC2=1200+20q2+2q22. Assume that the firms form a cartel to act as a monopolist and maximize total industry profits.
At the beginning of the year, an audio engineer quit his job and gave up a salary of $175,000 per year to start his own business Sound Devices, Inc. The new company builds, installs and maintains custom audio equipment for businesses that require hig..
How concerned should this company be about price discounts by itsleading competitors and conduct a t-test to check the statistical validity of the estimated equationat 95 percentconfidence.
Gillette's shareholders, Chairman and CEO James Kilts indicated, "Despite several new product launches, Gillette's advertising-to-sales declined dramatically . . . to 5.5 percent last year. Gillette's advertising spending, in fact, is one of the l..
To what extent would increased government involvement with regard to fuel efficiency affect the behavior of manufacturers · To what extent would increased government involvement with regard to safety affect the behavior of manufacturer · ..
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $49 and the price at point e is $24 per bag. The price at point f is $48 and the price at point g is $13 per bag.
Does the fact that your bank keeps only a fraction of your account balance in reserve make you uncomfortable Why don't people rush to the bank and retrieve their money How do banks prevent panics from occurring
assume that the potato chip industry in the northwest in 2007 was competitively structured and in long-run competitive
Type your question here ON THE BASIS OF TRENDS IN BANK BRANCHES, DOES THE PUBLIC APPEAR TO HAVE MORE OR LESS ACCESS TO BANKING FACILITIES (BRANCHES AND OFFICES) IN THE LAST 20 YEARS?
When companies expand into the international arena, they do so either because their home market has matured or because they see real opportunities in the foreign market. Discuss which kinds of international strategies are most appropriate for compani..
Calculate the mean and standard deviation of 1-year and 20-year Treasury Constant Maturity Rates data series. Using the graphs and the results
1 an economist who is studying the relationship between the money supply interest rates and the rate of inflation is
In 1955, Akio Morita, founder of Sony, came to the U.S. to drum-up sales for a new product his company had recently developed. Morita anticipated that Sony would sell approximately 30,000 transistor radios per year to get started. What was Morita dra..
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