Perfect competition price-quantity and consumer surplus

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Reference no: EM131097137

Suppose the market demand function is given by: Q=100-2P, where Q: total quantity, P: market price. And in this market there are two firms with MC=AV= $10. Find each of the following:   

a. Perfect competition price, quantity, and consumer surplus?   

b. Monopoly price, quantity, consumer surplus, profit, and welfare loss?    

c. Cournot price, quantity, consumer surplus , each firm`s profit, and welfare loss?   

d. Stackelberg price, quantity, consumer surplus, each firm`s profit, and welfare loss?

f. Collusion quantity, profit from collusion?

Reference no: EM131097137

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