The market demand curve is summarized by p(q) production of each firm is simply C(q) =...

 

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The market demand curve is summarized by p(q) production of each firm is simply C(q) = 0. (a) (1 points) What is the (Nash) equilibrium if firms choose their quantities simultaneously? (b) (1 points) What is the subgame perfect Nash equilibrium if one firm chooses its quantity first? (c) (1 points) Come up with a Nash equilibrium of the sequential game that is not subgame perfect. (d) (1 points) What would the equilibrium if only one firm was present on the market (or a collusive coalition)? (e) (1 points) Conclude by comparing your answers to (a), (b) and (d). = 30 - q and two duopolists produce the good. The cost of The market demand curve is summarized by p(q) production of each firm is simply C(q) = 0. (a) (1 points) What is the (Nash) equilibrium if firms choose their quantities simultaneously? (b) (1 points) What is the subgame perfect Nash equilibrium if one firm chooses its quantity first? (c) (1 points) Come up with a Nash equilibrium of the sequential game that is not subgame perfect. (d) (1 points) What would the equilibrium if only one firm was present on the market (or a collusive coalition)? (e) (1 points) Conclude by comparing your answers to (a), (b) and (d). = 30 - q and two duopolists produce the good. The cost of

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a In a simultaneous quantity choice game the Nash equilibrium is obtained by finding the quantity that maximizes each firms profit given the quantity ... View the full answer