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QUESTION
a) Briefly distinguish between the Cournot duopoly model and that of Stackelberg
b) Suppose the inverse market demand curve for a telecommunications equipment is P = 100 - 2Q. Suppose there are two firms with constant marginal cost $4. Assuming they behave as Cournot duopolists, what will be the price and total industry output?
c) The inverse market demand curve for a Stackelberg leader and follower is given by P = 60 - 2Q. If each has a marginal cost of $2, what will be the equilibrium quantity and price for each producer?
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The anus is the last part of the digestive tract. It is a 2-inch long canal consisting of the pelvic floor muscles and the two anal sphincters (internal and external). The lining o
The pancreas secretes digestive enzymes into the duodenum, the first segment of the small intestine. These enzymes break down protein, fats, and carbohydrates. The pancreas also ma
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Question: 1. Describe any two personality characteristics in an organization. 2. Describe the POSEC method of time management 3. Why are goals important? Why should the
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