What is net gain/price in bertrand competition

Assignment Help Microeconomics
Reference no: EM13547864

 What is "net gain/price" in Bertrand competition? I thought you were supposed to derive profit functions and get optimal p1, p2, and a1?

Reference no: EM13547864

Questions Cloud

What would be the kinetic energy of an electron : The nucleus of an atom is on the order of 10-15 m in diameter. For an electron to be confined to a nucleus, What would be the kinetic energy of an electron confined to this region
Explain the potassium content of a standard apple : Nutritional tables give the potassium content of a standard apple (3 apples/lb) as 159 mg. How many grams of potassium are in 5.46 kg of apples
What factors can cause an increase in the expected future : What factors can cause an increase in the expected future exchange rate?
Find the compton shift at this angle : X-rays having an energy of 280 keV undergo Compton scattering from a target. The scattered rays are detected at 36.0° relative to the incident rays. Find the Compton shift at this angle
What is net gain/price in bertrand competition : What is "net gain/price" in Bertrand competition? I thought you were supposed to derive profit functions and get optimal p1, p2, and a1?
Entries for the related transactions of platypus company : Purchase-related transactions - Journalize entries for the related transactions of Platypus Company
How is the price consumption curve derived : How is the price consumption curve derived and what information does it supply to the manager.
Characteristic of the production process : Calculate the unit cost if the rejection is attributable to exacting specifications and calculate the unit cost if the rejection is characteristic of the production process
Define vapor pressure of pure ethanol at 35 degrees celcius : What mass of C2H5OH should be added to 630 kg of the paraffin in formulating the mixture if the vapor pressure of ethanol at 35 degrees celcius over the mixture is to be 8 torr. The vapor pressure of pure ethanol at 35 degrees celcius is 100 torr.

Reviews

Write a Review

Microeconomics Questions & Answers

  Estimate the target federal funds rate

Using the AD-AS model explain how the economy will adjust in the long run. Should the government undertake any proactive fiscal or monetary policy in this situation?

  Suppose that business is visible and significant member of

assume that your business is visible and an important member of the community. would the government encourage a

  A per-unit tax of 200 is imposed on suppliers of computers

the elasticity of demand for home computers is -2.5 the elasticity of demand for business computers is -.90 and the

  Compute monopolists profit under the following conditions

calculate the monopolists profit under the following conditions. the intersection of the marginal revenue and marginal

  Determine the dollar value of gross national income

Suppose that the economy of Tunisia in which there are two products, Determine dollar value of gross national income in Tunisia evaluated at exchange rate?

  Which were the main causes of the great depression

Which were the main causes of the Great Depression and why did the Great Depression last so long?

  Analyze the likely labor-market effects of growth in awards

Courts in Japan have recently begun to make awards to the families of workers who have been judged to have been "worked to death." That is, employers have been increasingly required by courts to make large financial payments

  The citizens of eurnesia find the efforts credible and

suppose that a new government is elected in eurnesia. the new government takes steps toward improving the court system

  Topic this position paper is about the role of

topic this position paper is about the role of multinational corporations in business government and society. the

  Calculating profit maximizing output level

What is the total fixed cost for the El Dorado Star? If the total fixed cost increases to $5,000, how many papers should be sold daily for profit maximization?

  Using readings for the module and internet reply to as a

consumers choices are prey to subtle discrepancies that arise in cognitive accounting. learning how and when you are

  Theory of market failure

How government intervention in the form of a tax on producers can make the post-policy outcomes even worse than the pre-policy position and explain the underlying economic logic of this proposition.

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!

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