Compare the major assumptions and ideas of the four models

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1. Make a table to compare the major assumptions and ideas of the four models of oligopoly: Cournot, Stackelberg, Bertrand, and Sweezy.

2. A competitive firm sells its product for $50.00. If it has the following cost function, what would be its equilibrium output and how much profit can it make?

TC = 5000 + 10Q + 0.05Q2.

Reference no: EM131292982

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