Economics (Cournot Equilibrium)

posted by .

If market demand is P = 100 - Q and MC is 40, what is the Cournot Equilibrium for N firms?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Microeconomics

    ok so i must have not payed attention in class when we talked about asymmetric costs in cournot duopoly's, so i am stuck on a homework problem. The problem reads as follows (*Note that my notation of c simply means Marginal Cost): …
  2. managerial economics

    Suppose the inverse market demand equation is P = 80 ¡V 4(QA+QB), where QA is the output of firm A and QB is the output of firm B, and both firms have a constant marginal constant of $4. Firm B is the Stackelberg leader in this market. …
  3. managerial economics

    Suppose the inverse market demand equation is P = 80 ¡V 4(QA+QB), where QA is the output of firm A and QB is the output of firm B, and both firms have a constant marginal constant of $4. (a)Write down the Bertrand equilibrium prices …
  4. managerial economicsQ3

    Suppose the inverse market demand equation is P = 80 ¡V 4(QA+QB), where QA is the output of firm A and QB is the output of firm B, and both firms have a constant marginal cost of $4 (fixed costs are zero). (a)Write down the profit …
  5. managerial economicsQ4

    Consider a Cournot duopoly, composed of firms A & B ¡V which produce identical products and face identical costs. (a) Draw a set of reaction functions in one diagram for this Cournot duopoly. (b) Label the monopoly outputs that would …
  6. Microeconomics - Cournot

    X is a monopolist of a soda source that costlessly burbles forth as much soda as X cares to bottle. It costs X $2 per gallon to bottle this soda. The inverse demand curve for X’s soda is p(y) = 20 – 0.2y, where p is the price per …
  7. economics-oligopoly

    Suppose there are only two producers, A and B, in a market producing the same good with the same total cost function TC=0.05 Q^2 +100. The market demand is given by Q=1000-5P. a) Find the equilibrium price and total output in the Bertrand …
  8. economics

    5. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve MC(Q) = 2Q, where Q is the annual output of each firm. A study reveals that each firm will produce if the price exceeds $20 per unit …
  9. Economics

    Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 - 2Q. The cost function for each firm is C(Q) = 4Q. The equilibrium output of each firm is: A. 8 B. 16 C. 32 D. 36
  10. Economics

    Two firms produce the same good and compete against each other in a Cournot market. The market demand for their product is P = 204 - 4Q, and each firm has a constant marginal cost of $12 per unit. MR1 = 204 - 8q1 - 4q2. Let q1 be the …

More Similar Questions