firms that compete with each other cournot game


Firms that compete with each other Cournot game with identical cost function MC=0 and the inverse demand p(y)=100 - Y where Y=y1+y2+y3

A) Find the reaction function

B)How much does each firm produce

C) compute CS ,PS and the deadweight loss

D)if firm 1 and 2 leaders and 3 follower (Stackelberg),

What are the quantity choices for all three firms?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: firms that compete with each other cournot game
Reference No:- TGS0489411

Expected delivery within 24 Hours