Unformatted text preview: the two firms. Compute the Cournot equilibrium outputs and profits of these two firms. Let the two firms come together to form a cartel. What price will the cartel charge? What is the quantity produced by each firm if they equally share the market? What are the profits made by the firms? 2) Pindyck, Rubinfeld and Koh, p. 522, #7. 3) Pindyck, Rubinfeld and Koh, p. 523, #9. 4) Pindyck, Rubinfeld and Koh, p. 523, #10a and #10b....
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This note was uploaded on 10/11/2009 for the course ECON 191 taught by Professor Chen during the Spring '08 term at HKUST.
- Spring '08