18. On the off chance that four firms in a cutthroat industry have supply plans given by the accompanying conditions: Q1S = 16 + 4P Q3S = 32 + 8P %3D Q2S = 5 - 5P Q4S = 60 – 10P What is their consolidated stockpile?

18. On the off chance that four firms in a cutthroat industry have supply plans given by the accompanying conditions: Q1S = 16 + 4P Q3S = 32 + 8P %3D Q2S = 5 - 5P Q4S = 60 – 10P What is their consolidated stockpile?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter15A: Auction Design And Information Economics

Section: Chapter Questions

Problem 1.2CE

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Question

18. On the off chance that four firms in a cutthroat industry have
supply plans given by the accompanying conditions:
Q1S = 16 + 4P Q3S = 32 + 8P
Q2S = 5 – 5P Q4S = 60 – 10P
What is their consolidated stockpile?

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