An oligopoly firm faces a kinked demand curve with the two segments given by: P = 230 – 0.5Q and P = 280 – 1.5Q. The firm currently has a constant marginal cost, MC of $150. Determine the quantity and price at the kink.

Calculate every step please!!!

An oligopoly can be characterized by production of either identical goods or differentiate goods. True or false

Consider a duopoly market with 2 firms. Aggregate demand in this market is given by Q = 500 – P, where P is the price on the market. Q is total market output, i.e., Q = QA + QB, where QA is the output by Firm A and QB is the output by Firm B. For both firms, marginal cost is given by MCi = 20, i=A,B. Assume the firms compete a la Cournot. 1. What are the equilibrium quantities? 2. What is the total quantity supplied on this market?  3. What is the equilibrium price in this market?

please explain in steps

A group of firms explicitly colluding to make price and output decisions is called a )     price leadership. b )     a cartel. c )     a concentrated industry. d )     an oligopoly.

All question are with regards to the following set up. There are two firms A and B. Firms compete in a Cournot Duopoly in Karhide. They set quantities qa and qB. Inverse demand is P(qA + qB) = 18 – qA – qB and costs are C(q) (in Karhide,) and firm A is a foreign firm (from Orgoreyn.) The government of Karhide engages in a strategic trade intervention by giving firm B a per unit subsidy of s. (That is, when firm B produces and sells qB units, firm B receives a payment of s * qB from the government.) You must show your work at each step, unless the questions is followed by "No work required." 3 * q for both firms. Firm B is a domestic firm   (4) We now consider the government’s choice of s≥0. We can see from above thatprofits and outputs depend upon s. With that in mind, let πB(s) and qB(s) denote firm B’s profit and output as a function of the subsidy s. Let qA(s) denote firm A’s equilibrium output as a function of s. Let G(s) = πB(s) − s*qB(s) denote the government’s objective…

Consider a duopoly market with 2 firms. Aggregate demand in this market is given by Q = 500 – P, where P is the price on the market. Q is total market output, i.e., Q = QA + QB, where QA is the output by Firm A and QB is the output by Firm B. For both firms, marginal cost is given by MCi = 20, i=A,B. Assume the firms compete a la Cournot.   What are the equilibrium quantities?  What is the total quantity supplied on this market? What is the equilibrium price in this market?

Consider a Bertrand oligopoly where two firms (Firms 1 and 2) sell goods that are imperfectsubstitutes and compete by choosing prices simultaneously. Their market demands areq!= 1,200 − 3/2p!+ 3/2p", q"= 800 − 2p"+ 1/2p!For simplicity, assume the marginal cost is zero for both firms (MC!= MC"= 0). Find the bestresponse curve of each firm. Which of the following alternatives is correct?(a) Firm 1’s best response curve is p!= 400 + 0.5p"(b) Firm 2’s best response curve is p"= 400 + 0.5p!(c) Firm 1’s best response curve is q!= 45 − 0.5q"(d) Firm 2’s best response curve is q"= 200 + 0.8p!  Then, find the optimal price and quantity of each firm.Hint: Start by finding the Nash equilibrium, that is, the combination of mutual best responses.Which of the following alternatives is correct?(a) For firm 1, p!= $1,600/3 and q!= 800/3(b) For firm 1, p!= $800 and q!= 1,600/3(c) For firm 2, p"= $800 3⁄ and q"= 1,600/3(d) For firm 2, p"= $1,600 and q"= 800  key: !=1 "=2

Two firms are engaged in duopoly competition in a market with demand Q = 120 - p and zero costs.   The reaction function for firm i given firm j's output q i = 60 - 1 2 q j .   What is the payoff to firm i if the two firms engaged in collusion to maintain monopoly output and prices. Assume that each firm gets half the monopoly profit.