Consider two Cournot oligopolists, firm 1 and firm 2, in a homogenous product market. The market demand is P = 100 - 3Q and each firm has a constant marginal cost MC=10. The market price of equilibrium and total quantity in the market is: Select one: a. P* 30 and Q* = 20 O b. P* 40 and Q* = 20 ○ c. P* = 40 and Q* = 30 O d. P*20 and Q* = 30

In a market with a Duopoly, if Market Demand is P=300-Q find the Cournot reaction curves and the Cournot Quantity solutions then deduce the Price in the case where Marginal Costs curves for either of the Duopoly firms is MC₁=q₁+30 and MC2=q2+30. Compare your results to the case where a Monopolist that has a MC=Q+30 replaces the Duopoly. What are the Monopoly Quantity and Price? Which quantities are bigger, Cournot or Monopoly? What is the Consumer Surplus in both cases? Set-up the Oligopoly model in a game theoretical prisoner's dilemma framework. Explain briefly the strategies and how you reach the Nash Equilibrium.

advanced microeconomics, imperfect competition

In the mobile phone market, Samsung and Apple constitute a duopoly in the production of devices.The American firm has the following demand q(a) = 10 - p(a )+ 0.25p(s), and the Korean firm, q(s) = 20 -p(s)+ 0.5p(a). Because both firms assembly their devices in China, their cost structure is the same andequal to ?(q) = 10q, answer the following questions.a) What would be the equilibrium (quantity, price, and profit) in this market, and interpret youranswer.b) If they decide to form a cartel, what are the new quantities, prices, and profits? NB.a=apple and s=Samsung

ASAP!!

Calculate every step please!!!

Assume firms' marginal and average costs are constant and equal to c and that inverse market demand is given by P = a - bQ where a, b > 0. Suppose now the market is served by 2 firms (one leader, and one follower) that choose quantities for their identical products. Calculate: i. ii. iii. iv. The Nash equilibrium quantities for the Stackelberg duopolists Market output Market price Firm profit

Duopolists following the Bertrand pricing strategy face a market demand curve given by P = 90 - 2Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 40 per unit. How much profit will each firm make? Duopolists following the Cournot strategy face a market demand curve given by P = 90 - 2Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 40 per unit. If firm 1 moves first, how much profit will firm 1 make? Duopolists following the Cournot strategy face a market demand curve given by P = 90 - 2Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 40 per unit. If firm 1 moves first, how much profit will firm 2 make? Round to the nearest whole number.

Consider a Bertrand duopoly where market demand is P(Q)=5-9Q. Each firm faces a marginal cost $2 and no fixed cost. How much is the dead weight loss in a Nash equilibrium?

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?