If firm 1 and firm 2 are the oligopolistic firms in bottled spring water production in Nomansland. The market demand is given by ? = 5000 − 20?, Qd is the number of kilolitres demanded per month while P is the price of kilolitres of bottled water. If I assume in the bottled spring water production industry oligopoly exists amongst 20 firms how do I solve for the cournot quantities,prices and profits at equilibirum ? If ten firms are merged how will I calcuate the new Cournot equilibrum quantities, prices and profits for above?
If firm 1 and firm 2 are the oligopolistic firms in bottled spring water production in Nomansland. The market demand is given by ? = 5000 − 20?, Qd is the number of kilolitres demanded per month while P is the price of kilolitres of bottled water. If I assume in the bottled spring water production industry oligopoly exists amongst 20 firms how do I solve for the cournot quantities,prices and profits at equilibirum ? If ten firms are merged how will I calcuate the new Cournot equilibrum quantities, prices and profits for above?
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
Chapter12: Price And Output Determination: Oligopoly
Section: Chapter Questions
Problem 2E
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Question
If firm 1 and firm 2 are the oligopolistic firms in bottled spring water
production in Nomansland. The market
20?, Qd is the number of kilolitres demanded per month while P is the price of
kilolitres of bottled water.
If I assume in the bottled spring water production industry oligopoly exists amongst 20 firms how do I solve for the cournot quantities,prices and profits at equilibirum ?
If ten firms are merged how will I calcuate the new Cournot equilibrum quantities, prices and profits for above?
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