(g) Let demand for car batteries be such that Q = 100 - 3P. As- sume constant marginal costs of 15. Compute the equilibrium price, quantity, consumer surplus, producer surplus and if rele- vant deadweight loss for: i. A perfectly competitive firm ii. A monopoly iii. Two firms engaged in Cournot Competition. iv. Two firms engaged in Bertrand Competition.

(g) Let demand for car batteries be such that Q = 100 - 3P. As- sume constant marginal costs of 15. Compute the equilibrium price, quantity, consumer surplus, producer surplus and if rele- vant deadweight loss for: i. A perfectly competitive firm ii. A monopoly iii. Two firms engaged in Cournot Competition. iv. Two firms engaged in Bertrand Competition.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter10: Monopolistic Competition And Oligoply

Section: Chapter Questions

Problem 5SQP

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