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Followup questions to previous assignment where cable market is described as q(p) = 180 - 2pAssume now that two exactly similar cable operators compete. They both start by deploying network everywhere, so they both incur the same large fixed cost and their networks are ready at the same time. The service they provide is cable and they do so with the same quality and thus assume that consumers don't really care which operator provides them service as long as the have service once they want to buy.1) What equilibrium prices will we see in the market when both operators compete on prices? Why? 2) Now let's assume that these network operators engage in a Cournot competition where they compete on quantity. When they compete in quantity, they charge the same price but choose the number of households for which they activate service. What are the profits of the two operators in terms of the quantities (q1 and q2) provided by the two operators? (Hint: think about what price would lead to an overall demand of q1 + q2.) 3) Compute the monthly price at which cable will be provided when the firms engage in Cournot competition( both companies try to choose the optimal output to maximize their profit) Required minimum-1 page
What are your recommendations to the current administration considering the state of the economy and the level of national debt? What are the implications of your recommended course of action?
A monopolist is maximizing profit at an output rate of 1,000 units per month. At this output rate, the price that its customers are willing and able to pay is $8 per unit, average total cost is $5 per unit, and marginal cost is $6 per unit. It may..
What interest rate does she need to get to be able to retired as desired and compounded semi-annually, how much should be deposited now?
Efficiency wage models are sometimes used to explain the existence of involuntary unemployment in the labour market. Provide a short description of the shirking model. Why can it be in a firm's interest to increase the wage above what is paid by o..
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units.
Most countries, including the united states, import substantial amounts of goods and services from other countries. a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself.
utility if a function of income (I), given by: \(U = 101\) as long as I is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with ce..
Trade Restrictions Effects on Exchange Rates. Suppose that the Japanese government relaxes its controls on imports through Japanese firm.
The population proportion of economists predicting growth of at least 2.5% in real gross domestic product. The variance of the sample proportion of economists predicting growth of at least 2.5% in real gross domestic production.
Suppose that the rate of depreciation as well as the rate of saving are each .10. Also assume that there is no technological nor population growth.
Two partners who own Progressive Business Solutions, which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston
describe why marginal analysis must be used in decision making with examples. Also, give examples of poor decision-making when sunk costs were used to justify choices, and discuss how legal and ethical issues may play a role in making decisions.
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