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

Evaluating projects incrementally, Ask What is the meaning of evaluating pr...

Ask What is the meaning of evaluating projects incrementallyquestion #Minimum 100 words accepted#

Business process outsourcing, Question: (a) Describe the meaning of Bus...

Question: (a) Describe the meaning of Business Process Outsourcing (BPO). (b) BPO deals mainly with non-core processes of an organization. Describe four of such type of pr

What is the capital-output ratio, What is the capital-output ratio? ...

What is the capital-output ratio? Capital-output ratio: This ratio (k) is the amount of capital required to produce £1 of Gross Domestic Product generated, every year.

Define ACWP- BCWP and BCWS in economics, Define given terms: Actual Cost of...

Define given terms: Actual Cost of Work Performed (ACWP); Budgeted Cost of Work Performed (BCWP); Budgeted Cost of Work Scheduled (BCWS). • ACWP is the amount of attempt (exp

Factors that affect the volume of production in economy, what are the fac...

what are the factors that affect the volume of production in economy

Industrial economics, Discuss, using examples the economic consequences of ...

Discuss, using examples the economic consequences of a sudden monopolization of an industry that had been previously been competitive

Terms of trade, Difference between gross barter and net barter terms

Difference between gross barter and net barter terms

Game Theory, Usage of Game Theory in Managerial decision

Usage of Game Theory in Managerial decision

Monopolly, explain how a price disciminating monopoly increases profits

explain how a price disciminating monopoly increases profits

Write Your Message!

Captcha
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