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Derive the profit maximizing supply for a monopoly suppling

Q1. Derive the profit maximizing supply for a monopoly suppling demand in the following industry.

D: P = 87 -8 *Q MC = 2

Q2. What is the operating profit for this firm?

Q3. What is the Nash-Cournot Eqilibrium for 2 identical firms? (Give the total Q, i.e., the combination of both firms' output.)

Q4. What is the opperating profit for both firms.

Q5. Now assume that firm #1 has a MC which is half that of firm #2. Firm #2's MC is just as it was above. Calculate the Stackleberg Equilibrium for both the leader firm (#1) and the follower firm (#2).

Q6. Now calculate the operating profits of each firm.

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Supply Chain Management: Derive the profit maximizing supply for a monopoly suppling

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