The market demand in a homogeneous-product Cournot duopoly is P = 100 - 2Q, where Q = Q1 + Q2 (Firm 1 and Firm 2), and the costs functions for each firms are: TC1 = 12Q1 and TC2 = 20Q2.   Instructions: Use no decimals. Use the average cost to calculate monopoly profits. Do not round if values are used to complete other calculations. Complete the following table.   Q1 Q2 P Profits F1 Profits F2 F1 cheats w/ QDC, F2 colludes           F1 cheats w/ QBRF,  F2 2 colludes

Only typed solution

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

Consider a duopolistic market with an inverse demand curve  P(Q) = 460 − 4Qand constant marginal costs for each firm that are given by  MC(Q) = 10.Assume fixed costs are negligible. The two identical firms are competing in this market by choosing their production quantities simultaneously. In the​ equilibrium, each firm produces 37.5 units and the prevailing market price is 160.   How would the joint profits of these two firms change if they successfully formed a​ cartel?   Change in joint​ profits: ?  ​(Enter your answer rounded to two decimal​ places; include a negative sign if ​appropriate.)