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Let market demand be given by Q( P) = 200 - P. Each firm's cost function is C(qi ) = 20qi , where i = 1, 2.
(a) Using the Cournot model, find each firm's output, profit, and price.
(b) Graph each firm's reaction function. Show the Cournot equilibrium.
(c) Suppose that the duopolists collude. Find their joint profit-maximizing price, output, and profit; find each firm's output and profit.
(d) Does each firm have an incentive to increase output? What is the optimal defection for each firm? What does this imply about the stability of their collusive agreement?
(e) Suppose that the cost function is now C(qi ) = 20qi + 400. What is the free-entry number of firms?
Give a 99% confidence interval for the proportion of all U.S. adults who attended church or synagogue during the week preceding the poll.
where p is the binomial probability of returning a completed survey, and log is the natural logarithm. The multiple logistic regression output from fitting this model is given below.
Select a current/new piece of healthcare technology available to consumers. This canbe done through a web search or trip to your local Best Buy.
you want to compare years of schooling among american adults who describe their political veiwpoint as liberal moderate
Using ANOVA summary table, find out if regression model is significant.
in some states the law requires drivers to turn on their headlights when driving in the rain. a highway patrol officer
Recent crime reports indicate that 4.2 motor vehicle thefts occur each minute in the United States. Assume that the distribution of thefts per minute can be approximated by the Poisson probability distribution.
If the value of y is 11 thousands, find the probability that these tires will last at most 15,227 miles. You MUST write your answers with 3 decimal places.
Listing of types of fund and their returns over a specific number of years. There are four types of funds - describe the data for each fund at the 3-year return
a certain drug causes kidney damage in 1 of the patients. suppose that the drug is to be tested on n patients and let e
In order to test to see if there is any significant difference in the mean number of units produced per week by each of three production methods, the following data were collected:
Shipment costs are given in table below. Where no cost is provided, shipments are not possible. Where costs are given, shipments are possible in either direction. Sketch network model for this problem.
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