Derive the demand equation for the dominant oligopolist, Microeconomics

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Derive the demand equation for the dominant oligopolist

The demand function for an oligopolistic market is given by the equation, Q=180-4P. the industry has one dominant firm whose marginal cost function is MC=12+0.1d, and many small firms, with a total supply function: Qs=20+P

a. derive the demand equation for the dominant oligopolist.
b. determine the oligopolist's profit maximizing output price.
c. determine the total output of the small firms

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Microeconomics: Derive the demand equation for the dominant oligopolist

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Microeconomics: Derive the demand equation for the dominant oligopolist

Reference No:- TGS038541

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Microeconomics: Derive the demand equation for the dominant oligopolist

Reference No:- TGS038541

Recent Questions Asked Microeconomics

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