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Consider a Cournot duopoly. The market demand is p=190-q1-q2. Firm 1's marginal cost is 40, and firm 2's marginal cost is also 40. There are no fixed costs.A. Derive every firm's best response function.B. What is the Nash equilibrium of this model? Search the equilibrium market price.C. Find the equilibrium profit for every firm.D. Find the equilibrium consumer surplus in this market.
Demand uncertainty, particularly in the fast fashion industry, is a significant factor. For this reason, María, the Supply Chain Manager of The Fast Fashion Group (FFG) has decided
Explain the statement "during the second quarter of 2010 Irish gross domestic product fell by 1.2%. According to given statement Ireland's gross domestic production fell down i
Flexible exchange rate system: A country is linked to other countries through two broad channels: trade flows andfinancial flows. Trade flows pertain to movement of goods and
despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment
What is Economic development theory? Economic development theories and models seek to describe and predict how the: • Economies may develop or not over time in excess •
What are the limitations of comparative advantage? Limitations of comparative advantage: International trade needs wide specialisation. This can have drawbacks as given b
uses of discounting principals
in the banking systems, when clearing checks, the difference between the Federal Reserve''s credits and debits is the
Define the implications of dependency problem. Implications of dependency problem: To escape exploitation, underdeveloped countries should gain political, economic and so
opportunity cost and decision making
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