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Paper help Economics “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helv

Economics

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“margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vert… Show more “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> Q. Suppose the market demand function is given by: Q = 100 – 2P , where Q: total “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> quantity, P: market price. And in this market there are two firms with MC=AV= “line-height:1.3em;”>$10. “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> Find each of the following: “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> 1. Perfect competition price, quantity, and consumer surplus? “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> 2. Monopoly price, quantity, consumer surplus, profit, and welfare loss? “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> 3. Cournot price, quantity, consumer surplus , each firm`s profit, and welfare “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> loss? “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> 4. Stackelberg price, quantity, consumer surplus, each firm`s profit, and “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> welfare loss? “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> 5. Collusion quantity, profit from collusion? “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> “margin:0px;padding:0px 0px 10px;border:0px;font-family:Helvetica, sans-serif;line-height:1.3em;vertical-align:baseline;color:rgb(51,51,51);background-color:rgb(245,245,245);”> Please show your work and I will reward points. • Show less

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