Math, asked by sajathamuhammed, 10 months ago

Elucidate price and output determination under any two non-collusive models of

Oligopoly.

(b) Consider a market structure comprising two identical firms (A and B), each with the cost

function given by

Ci = 30Qi

, where Qi 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.

(ii) What will be the outcome if the firms decide to collude? Compare it with the results

under the Cournot equilibrium.

Answers

Answered by bharicharanredpabgzz

Answer:cant under stand this question please give single question but i will remind you i will answer later

Step-by-step explanation:

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