Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider two firms, A and B, which simultaneously set prices in every period. Firm A has marginal cost of cA = 6, while firm B has marginal cost of cB = 10. Assume no fixed cost. Market demand in each period is given by
Q (p) = 100 - 2p
Which price would firm A charge if it was a monopolist? Firm B?
What are the Bertrand equilibrium price, output, and profits?
Suppose the two firms start to collude in the following way: They agreed to play a Grim Trigger Strategy and charge firm B’s monopoly price. Calculate the critical discount factor.
Suppose the two firms were symmetric, i.e. they had the same marginal cost, cA = cB = 10. Would collusion become easier or harder to sustain?
Suppose now that they compete in quantities in a Cournot duopoly when cA = cB = 10. Calculate the critical discount factor.
Our discussion board topic listed three potential solutions to the overuse of common resources: command and control, cultural norms, and creating property rights. Imagine you are a policy maker in California with the ability to design an intervention..
A firm in a perfectly competitive market invents a new method of production which lowers its marginal costs. Illustrate what happens to its output.
Keeping your money in a bank seems like a good idea. However, from time to time, depositors lose confidence in banks (this happened in summer of 2012 in Greece). If your bank was experiencing a run, would you join in, or would you be confident that t..
discussions facility costs please respond to the following suppose you have been working with the federal government
According to Ronald Weight and Carlos Angulo, describe the five areas of racial bias in the criminal justice system. Taken together, what effects do these biases have on people of color?
If a popular TV show on personal finance convinces more Americans about the importance of saving for retirement, the ________ curve for loanable funds would shift, driving the equilibrium interest rate ________.
One way to understand how the economy works is the circular flow model. This model demonstrates the flow of resources, goods, services, and income between households and business through the resource market and the market for goods and services. Iden..
Suppose a new tax is placed on the firms selling sugary drinks. What is the likely impact on prices of sugary drin
Consider a village of ten people. If a nearby mosquito-infested swamp is drained, then all ten people receive a benefit of b. People simultaneously choose either to volunteer for the project or not. what are the pure-strategy Nash equilibria of this ..
A business is generating $1000 a month for the next 5 years at a nominal interest rate of 12% compounded monthly. How much cash should one pay for it?
Suppose an economy has an expected inflation rate of 6% and a natural unemployment rate of 7%. If the unemployment rate falls by 1%, then the inflation rate rises by 4%. Draw the Phillips Curve for this economy, being sure to label the intercepts of ..
Research a Fortune 500 company. Examine the company's social responsibility policies. How does the company demonstrate its duty?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd