What happens to total market supply as n goes to infinity

Assignment Help Business Economics
Reference no: EM131097319

Demand is linear: p= A-by; cost is cy (marginal cost is c).

What is oligopoly price and quantity when there are players?

a. What happens if n=1?

b. How does total market supply compare to monopoly supply and competitive equilibrium when n=2?

 

c. What happens to the total market supply as n goes to infinity?

Reference no: EM131097319

Questions Cloud

What happens to the overnight interest rate-borrowed : Using the supply and demand analysis of the marker for reserves, determine what happens to the overnight interest rate, borrowed and non-borrowed reserves, holding everything constant. if Banks expect an unusually large increase in withdrawals from c..
What are the differences and similarities between two : What are the differences and similarities between two of the three types of studies?
Present worth of the machine is closest : A certain machine will cost $50,000 to purchase, will have a six-year life, and $5,000 salvage value. It will be updated in year 4 at a cost of $15,000. Its annual operating cost is expected to be $30,000 per year. At an inflation rate of 5% per year..
Assume there are two players in an oligopoly : Assume there are two players in an oligopoly, playing repeated Cournot competition (that is, they compete on quantity). The demand in each year is p= A-by. Each player has discount rate r. Find strategies that lead to a sub-game perfect equilibrium w..
What happens to total market supply as n goes to infinity : Demand is linear: p= A-by; cost is cy (marginal cost is c). What is oligopoly price and quantity when there are players? What happens to the total market supply as n goes to infinity?
A commission - personal and professional goals : Here are two collectives subject I need to work on and I need this for an application packs for officer program in the NAVY 1-all applicants, including Nurse Corps, use the space provided to describe the following in detail (Limit your statement f..
Implement the dynamic-set operation insert : Can you implement the dynamic-set operation INSERT on a singly linked list in O(1) time? How about DELETE - what is the maximum number of keys that can be stored in a B-tree of height h?
Policy make difference in the market : Assume the government now imposes a (binding) maximum legal price for physician office visits (i.e. a price ceiling on the physician office visits). Under what condition would such a policy make a difference in the market (i.e. cause a market distort..
What may be your stereotypes explain fully : We studied stereotypes which may be either positive or negative and, furthermore, may be accurate or unfounded in reality based on the individual or the culture or group. What are your observations, beliefs and what may be your stereotypes? Explai..

Reviews

Write a Review

 

Business Economics Questions & Answers

  China want its own currency

Why would China want its own currency to be undervalued relative to the U.S. dollar? How does china maintain an undervalue currency?

  Characteristics facilitate embracing accidents

What organizational characteristics facilitate embracing accidents as sources of innovative products and services? Consider 3M and Post-it Notes.

  Elucidate the likely impact of this event on the market

Elucidate the likely impact of this event on the market for gasoline and the market for small cars.

  Illustrate what are the opportunity costs for the manager

Illustrate what are the opportunity costs for the manager of being in this business relative to returning to his old job. What is the economic profit of the business.

  Assume quantity theory of money holds

Assume quantity theory of money holds with constant K and Kf. Suppose Mexico wants to stabilize the exchange rate of its currency with US dollar (dollars/peso). If US is running a 5% inflation rate solely due to the increase of money supply, what is ..

  Inventory accounted for in the national income accounts

How are final goods that are unsold and held in inventory accounted for in the national income accounts? If the Federal government consistently runs deficits, and nothing else changes in the economy, what must happen to market interest rates and why?

  Current monetary policy expansionary

Is the current Monetary Policy expansionary or contractionary? Give your reasons for your answer. What effects does the Federal Reserve expect this policy to have on the U.S economy?

  Estimate the strength of your bargaining position

Estimate the strength of your bargaining position for each option. Which of these would be the most advantageous.

  Technology based-quality based or cost based

Success of a company investing and operating in a foreign country depends on the competitive advantage of the company. The entry strategy could be technology based, quality based, or cost based. Explain and comment.

  Illustrate if extreme recessionary conditions prevail

Elucidate what impact on quantity demanded and supplied for cars will be if oil costs rise to $200 per barrel. Illustrate what about if extreme recessionary conditions prevail.

  Prepare the income statement and retained earnings statement

Prepare the income statement and retained earnings statements for the year and the classified balance sheet at August 31.

  Due to expanded growth in a certain portion of the city

Due to expanded growth in a certain portion of the city, a new waste truck capacity is needed. An additional truck can be purchased now to replace the presently owned assets. The city uses a 5% interest rate for project evaluation. It is economically..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd