ECON425_HW2_Answer

2b

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Unformatted text preview: tackelberg Duopoly : According to the slides, qa is the leader and qb is the follower. Competition: Check the slides, p = mc = 28c. #2b While firm 1 is cooperating ( producing at half the monopoly output), firm 2 is not ‐‐‐ producing at its best‐response function given firm 1’s production. so firm1...
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This note was uploaded on 05/01/2011 for the course ECON 425 taught by Professor Watugala during the Spring '06 term at Texas A&M.

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