Suppose Cournot duopolist firms operate with each having a cost of 30qi (i = 1,2 ) so that each firm's marginal cost is 30. The inverse market demand curve is P = 120 - Q where Q = q1 + q2. At the Nash-Cournot equilibrium, the market price, P, is
A) 30.
B) 45.
C) 60.
D) 90.
C
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The aggregate demand curve will shift to the right ________ the initial decrease in taxes
A) by less than B) by more than C) by the same amount as D) sometimes by more than and other times by less than
____ is a school of economic thought which uses equation of exchange to analyze the macro economic data
a. Mercantilism b. Monetarism c. Supply side economics d. Keynesianism
Which of the following numbers is not associated with shares of a company's stock?
a. term b. dividend c. price d. price-earnings ratio
In an efficient market, an average investor who is outside Wall Street
A. cannot expect to get average returns. B. must be constantly vigilant by analyzing and adjusting their portfolio to get average returns. C. will habitually exceed average returns. D. will get average returns in a well-diversified portfolio even without analyzing or managing it.