1. The demand for soft drink is determined by the following demand function.

P = 150 – Q

MC = 30, FC =0

1. Obtain the P and Q of equilibrium and profit if the firm behaves like in perfect competition.
2. Obtain the P and Q of equilibrium and profit if the firm behaves like in Monopoly
3. No assumes that there are 2 firms (a and b). Obtain q_a and q_b if they are Cournot oligopolists .   Obtain Q and P and the profit of each firm
4. Obtain q_a and q_b if they are Stackelberg Oligopolist.   Obtain Q and P and the profit of each firm
5. Fill in the following table

	Perfect Competition	Monopoly	Cournot	Stackelberg
P
Q
Industry Profits
qa
qb
Profit a
Profit b