Question

(b) Consider a market structure comprising two identical firms (A and B), each with the cost
function given by
C;= 300i, where Q; for i= {A, B} is output produced by each firm.
Market demand is given by
P= 210 – 1.5Q, where Q=QA + QB
(i) Find Cournot equilibrium,
results
(ii) What will be the outcome if the firms decide to collude? Compare it with the
under the Cournot equilibrium.
3​

Answer 1

Answer:

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

Answer 2

Answer:

Outline the characteristics of Kingdom Protista.

All protists are eukaryotic organisms. ... Most protists are aquatic, others are found in moist and damp environments. Most are unicellular, however, there are a few multicellular protists such as the giant kelp. They may be autotrophic or heterotrophic in nature.