Explain how, in the Cournot model, the output of one firm depends on the output of other

Question:

Explain how, in the Cournot model, the output of one firm depends on the output of other firms. Specifically, in Figure, what will be the output of Artesia if Utopia produces 32 units? If Utopia produces 48? If Utopia produces 64?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

See More Books

Question Posted: Nov 14, 2014 08:27 AM

See More Questions

In the simple Cournot model, firms make their output choices simultaneously. In practice, firms sometimes make these kinds of decisions sequentially. Suppose that you manage one of the firms...
In the simple Cournot model, firms make their output choices simultaneously. In practice, firms sometimes make these kinds of decisions sequentially. Suppose that you manager one of the firms...
Firms compete in quantities, and choose quantities simultaneously, if Cournot competition between the two firms is repeated infinitely many times, the grim-trigger strategy consists in reverting to...
An unknown compound A of molecular formula of C10H180 reacts with H2S04 and heat to form two compounds (B and C) of molecular formula C10H16. B and C both react with H2 over Pd/C to form decalin....
Explain why a one-hundred percent location for discount apparel chain may not be a one-hundred percent location for a moderate-priced apparel store.
The apparatus shown here is used to measure the vapor pressure of ethylene diamine. The system is loaded with pure ethylene diamine and the bath is adjusted to each of several known temperatures. The...
Find the explicit solutions of the following stochastic differential equations: (a) Ornstein-Uhlenbeck process: \[d X_{t}=\mu X_{t} d t+\sigma d B_{t}\] (b) Mean reverting Ornstein-Uhlenbeck process:...
a. Clearwater Company budgets sales of $3,400,000, fixed costs of $750,000, and variable costs of $2,244,000. What is the contribution margin ratio for Clearwater Company? b. If the contribution...
1. You need to modify an existing VHD file. Q: How do you proceed? 2. A web-based site is needed by all users on the company's network in order to perform research on the company's competitors. After...
An army division in Iraq has five troop encampments in the desert, and the division leaders want to determine the best location for a supply depot to serve the camps. The (x, y) coordinates (in...
What are the assumptions of the theory of monopolistic competition? In what way do these assumptions differ from those of the perfectly competitive model?
Starting from the Cournot equilibrium in Figure, suppose that the marginal and average total cost curves (which are the same for both firms) shift downward. Explain how the firms adjust to a new...
How have money market rates changes since the beginning of the semester? Consider the existing economic conditions. Do you think money market rates will increase or decrease during the semester?...
1. Given f(x)=- x +3x + 2x x + x-2 complete the following: a. Write the rational expression in lowest terms, leaving it in factored form. (6 points) b. Write the domain in interval notation. (6...
The functions f (x) and g (x) are shown in the graph below. -5 0 -5- f(x) 5 Use the graphs of f (x) and g (x) to determine the value of g (f(-6)). g (f (-6)) = undef g (f (-6)) = 1 g (f (-6)) = 2 g...
The electric field component of an electromagnetic wave traveling in a vacuum is given by Ey = Eo sin (kx - wt), where E = 300 V/m and k=107m. What are the frequency of the oscillations (in Hz) and...
Consider a guitar string which is under a tension of 149 N, has a length of 65.4 cm, and a mass per unit length of 3.45 103 kg/m. (a) What is the frequency of the fundamental mode of vibration? (b)...
A force F, of magnitude 6.50 units acts on an object at the origin in a direction 0 = 53.0 above the positive x-axis. (See the figure below.) A second force F, of magnitude 5.00 units acts on the...
What category boasts the largest number of computer applications?
Why is the national security argument for tariffs questionable?
The information below pertains to Barkley Company for 2015. There were no changes during 2015 in the number of ordinary shares, preference shares, or convertible bonds outstanding. There are no...
A monopoly sells to n1 consumers in Country 1 and n2 in Country 2, where each person in Country 1 has a constant elasticity demand function of q1 = p1 and every person in Country 2 has a demand...
Show that the equilibrium elasticities in the two countries must be equal in Solved Problem 12.3?
A monopoly sells in two countries, and resale between the countries is impossible. The demand curves in the two countries are p1 = 100 - Q1 and p2 = 120 - 2Q2. The monopoly's marginal cost is m = 30....
1. Electric potential is given by V=6x-8xy-8y+6yz - 4z Then magnitude of electric force acting on 2C point charge placed on origin will be :- (1) 2N (2) 6N (3) 8N (3) 8N (4) 20 N 2. Figure shows...
17. A concave mirror produces a real image 10mm tall, of an object 2.5mm tall placed at 5cm from the mirror. Calculate focal length of the mirror and the position of the image. 18. An object is...
23. A convex mirror used for rear view on an automobile has a radius of curvature of 3m. If a bus is located at 5m from this mirror, find the position, nature and magnification of the image. 24. An...

Explain how, in the Cournot model, the output of one firm depends on the output of other

Question:

Step by Step Answer:

The output of one firm depends on the output of the other fir...View the full answer

Microeconomics Theory and Applications

Students also viewed these Economics questions