Question: Hi, could you please help me solving these problems? pMl If the two firms merge, they will act as a monopolist and set a single

Hi, could you please help me solving these problems?

pMl If the two firms merge, they will act as a monopolist and set a single price pod. Find the monopoly price and quantity. OM =What is the change in total surplus that results from the merger? {Use a positive number for an increase and a negative number for a decrease.) Economists are often asked to help the Department ofJustice evaluate the costs and benefits of mergers. This problem walks you through two rudimentary merger analyses. Consider a market where two rms engage in Cournot competition. They face inverse industry demand curve P = 25 Q. The firms each face a marginal cost of$'| . What is the equilibrium price under Cournot competition? How much does each rm produce? t 924 \":5 ||

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