5. 3.2Consider Ozark-go (Z) and Comcast (C) to be a duopoly for internet service in Fayettevillearea. The demand for internet service is given by—D 120 — РМC, 3D $15 forand the marginal cost of producing internet service per month is MC,each firm. Assume no fixed cost. Find the equilibrium price, each firm's quantity suppliedand profits if the firms compute by settinga. prices simultaneously.b. quantity simultaneously.c. quantity sequentially with Comcast as the leader and Ozark-go as the follower.

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3.2 Consider Ozark-go (Z) and Comcast (C) to be a duopoly for internet service in Fayetteville area. The demand for internet service is given by Q = 120 – P and the marginal cost of producing internet service per month is MC, = MC, = $15 for each firm. Assume no fixed cost. Find the equilibrium price, each firm's quantity supplied and profits if the firms compute by setting a. prices simultaneously. b. quantity simultaneously. c. quantity sequentially with Comcast as the leader and Ozark-go as the follower.

3.2 Consider Ozark-go (Z) and Comcast (C) to be a duopoly for internet service in Fayetteville area. The demand for internet service is given by Q = 120 – P and the marginal cost of producing internet service per month is MC, = MC, = $15 for each firm. Assume no fixed cost. Find the equilibrium price, each firm's quantity supplied and profits if the firms compute by setting a. prices simultaneously. b. quantity simultaneously. c. quantity sequentially with Comcast as the leader and Ozark-go as the follower.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter9: Monopoly

Section: Chapter Questions

Problem 5SQP

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