Order the answer to: Firm Forever and Firm Alone are the only producers of Single-Bell in the market. The total cost func

Academic Help economy Order the answer to: Firm Forever and Firm Alone are the only producers of Single-Bell in the market. The total cost func

economy

Order the answer to: Firm Forever and Firm Alone are the only producers of Single-Bell in the market. The total cost func

Question Firm Forever and Firm Alone are the only producers of Single-Bell in the market. The total cost functions for each firm are given as follow: TCF = Q TCA = 1200A + 0.5QL The market demand function of Single-Bell is given as follow: Q = 600 – P Calculate the profit for each firm under Cournot equilibrium. After Christmas the demand for Single-Bell decreased sharply that the market demand function becomes: Q* = 450 – 1.5P In order to survive the two firms merged into a single firm and becomes monopoly in the market. What is the profit maximizing output level and price for Single-Bell now?
Subject economy
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