The marginal cost for firm, Business Economics

Assignment Help:

Consider a Bertrand duopoly. The market demand is q=190-p. Consumers only buy from the firm whose price is lower. If two firms charge the similar price, they share the market equally. The marginal cost for firm 1 is 40, and the marginal cost for firm 2 is also 40. There are no fixed costs.

A. Find the Nash equilibrium of this Bertrand game.

B. Find the equilibrium output and profit for every firm.

Related Discussions:- The marginal cost for firm

Demand forecasting, despite of pitfalls forecastimg is indispensable to a ...

despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment

Foreign exchange market and arbitrage process, Foreign Exchange Market and ...

Foreign Exchange Market and Arbitrage Process: 1. Suppose that the Brazilian Real is quoted at R 0.9955-1.0076/US$ and the Thai Baht is quoted at B25.2513-3986/US$. What is

Franchise, How can franchises ensure their products are appropriate for int...

How can franchises ensure their products are appropriate for international markets?

Managerial Economics in the USA, any help for writing a 10 page Research Pa...

any help for writing a 10 page Research Paper

Economics, MBA Economics Assignment Question 1: Many analysts in both deve...

MBA Economics Assignment Question 1: Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether

What are capacity building policies, What are capacity building policies? ...

What are capacity building policies? Capacity building policies: Capacity building is the development and improvement of institutions. And Capacity building policies as

Relationship between financial and physical capital, Question 1: (a) D...

Question 1: (a) Discuss the relationship that exists between financial capital and physical capital. (b) Analyse how a stock-market crash would drive an economy into a

“Ledger is said to be the principal book entry and t, “Ledger is said to be...

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

Introduction to business economic, Ask question different between Mar...

Ask question different between Marginalism & incrementalism #Minimum 100 words accepted#

PROCESS CHART, INVESTIGATE AND FIND SOLUTION TO HOUSEKEEPING SAFETY PROCESS...

INVESTIGATE AND FIND SOLUTION TO HOUSEKEEPING SAFETY PROCESS WITH LAYOUT IN PLANT, WHAT PROCESS CHARTS WILL NEED TO SOLVE THIS PROBLEM

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages