HW5-7 - University of Minnesota 3101.04 Intermediate...

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University of Minnesota 3101.04 Intermediate Microeconomics Problem Set 5 Due April 27, 2011 Name : __________________________ Write clearly and legibly! 1 Sequential Price Games (15 points) S ( p ) = 100 + p The demand curve for the product is D ( p ) = 200 p c ( y ) = 25 y be the equilibrium price and quantity? 1
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by: P ( Q T ) = 600 4 Q T where Q T = Q 1 + Q 2 a. b. 2
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HW5-7 - University of Minnesota 3101.04 Intermediate...

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