User Account

All Pages

What is the nash-cournot equilibrium

Assignment Help Business Economics
Reference no: EM13888438

Duopoly quantity-setting firms face the market demand p = 150 − q1 − q2.

Each firm has a marginal cost of $60 per unit. What is the Nash- Cournot equilibrium? Hint: the profit functions of each firm are

π1(q1,q2) = (150 − q1 − q2)q1 − 60q1

π2(q1,q2) = (150 − q1 − q2)q2 − 60q2.

 

Please explain all steps.

Reference no: EM13888438

Questions Cloud

Calculate the work done by the fluid : A certain fluid at 10 bar is contained in a cylinder behind a piston, the initial volume being 0.05 m3. Calculate the work done by the fluid when it expands reversibly,
Differ from a change in quantity demanded : Explain as completely as you can (IN YOUR OWN WORDS) what an economist means by demand (supply) and discuss (this implies that you are able to discuss why the factor causes the shift and explain the direction of the shift. How does a change in demand..
.develop a matrix to compare the five elements : 1.Develop a matrix to compare the five elements of the promotional mix on three criteria to whom you deliver the message, what you say, and when you say it.
A rubber is subjected to a shear stress : 1. A rubber is subjected to a shear stress such that λx=λ, λy=1. Obtain an expression relating the shear stress, σ, and the shear strain, γ, assuming γ=λ-1/λ. Comment on the difference between this stress/strain relationship and the one for simple el..
What is the nash-cournot equilibrium : Duopoly quantity-setting firms face the market demand p = 150 − q1 − q2. Each firm has a marginal cost of $60 per unit. What is the Nash- Cournot equilibrium?
List and describe popular job finding internet sites : List and describe popular job finding Internet sites.
All the factors that can shift a demand curve : Explain as completely as you can what an economist means by demand (supply) and discuss (this implies that you are able to discuss why the factor causes the shift and explain the direction of the shift ...(this can be done in one sentence for each fa..
Heat transfer between the surfaces : The curved wall is well-insulated and may be regarded as adiabatic. Heat transfer between the surfaces occurs only by radiation.
Research paper about planet mars : Write 1-3 pages of research paper about Planet Mars, paper should cover: A brief history of exploration of Mars, Physical Science description of Mars, Recent discoveries about Mars

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 explain how does an increase in transport costs change

q1. explain how does an increase in transport costs change the gains from trade in melitzs 2003 model? are the effects

  Reflect on the notion of fiscal union within european union

Reflect on the notion of fiscal union within the European Union. Why is it becoming necessary? Can it be achieved quickly enough to avert financial disaster within the trading bloc?

  Qtwo dry cleaners are located on a street of length 1

q.two dry cleaners are located on a street of length 1 addresses are numbered from 0 to 1. the marginal costs of dry

  A basic difference between microeconomics and macroeconomics

If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about:

  Use a randomization test

Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.

  What is the source of the network effect

Since its founding in 331 B.C.E., the city of Alexandria has been a center of trade for the Mediterranean countries, as well as the Middle Eastern countries. Part of this is due to geography, but it is also due to the network effect. What is the sour..

  What is the steady state level of employment

Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..

  Consider a project with an initial investment

Consider a project with an initial investment of 2 million and annual savings start at $900,000 dollars on year one with yearly increments of 5%. The life of the project is 7 years. The maintenance cost start at 200,000 dollars per year and increase ..

  The terms of trade between two countries refer

The terms of trade between two countries refer to

  Ponder this immigration reform

Ponder this immigration reform: US citizens are given the right to sell their citizenship to whomever they choose at whatever price they can get. Someone who has sold her US citizenship is no longer permitted to remain in the US without an appropriat..

  Band within results should considered more accurate

While RIMS II, IMPLAN, and other methods regularly deviate substantially from each other in the answers they yield to analytical questions, is there a "band" within results should be considered "more accurate". For example, if RIMS and IMPLAN give a ..

  When the accounting profit equals the implicit costs

When the accounting profit equals the implicit costs, the firm earns

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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