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3 years ago

Both firms in a Cournot duopoly would enjoy lower profits if:

Business

1 answer:

daser333 [38]3 years ago

4 0

Answer:

each firm simultaneously increased output above the Nash equilibrium level.

Explanation:

A French mathematician, Antoine Augustine Cournot developed the Cournot duopoly in his economic model “Researches into the mathematical principles of the theory of wealth”, of 1838.

Cournot duopoly also known as the Cournot competition, is an economic model where two (2) business firms having identical cost functions compete in a oligopolistic market of imperfect competition with homogeneous products.

Under the Cournot duopoly, the competing firms offer identical products and thus, choose an amount or quantity to produce independently and at the same time because they cannot collude.

Both firms in a Cournot duopoly would enjoy lower profits if each firm simultaneously increased output above the Nash equilibrium level.

Hence, the advantage of the Cournot duopoly is that, it inhibits competing firms from deviating unilaterally.

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Answer:

Since this is the first time you have ever done this, is this a problem?

Of course this is a problem, you stole money. Stealing money is not right and it is a problem. If someone finds out, you will lose your job. legally, you could also be prosecuted, but the amount is very little. Another problem is that if you are able to go unpunished and no one finds out, this behavior will continue until you cannot hide it anymore. By then , the amount might be larger, not just a few dollars, and you will be in deep trouble.

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Pay back the money you took. Simple as that. Sometimes, doing the correct thing is not difficult. Do not spend money on unnecessary things and pay the $30. Do it before this becomes a bad habit and you get into serious trouble that seriously damage your career. No company will hire someone fired for stealing money form their previous employer.

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2 years ago

What are some characteristics of an informal group?

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Hajj and Umrah packages which are not

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2 years ago

Jack Spratt is the production manager for a manufacturing firm that produces wizzy-gadgets and other items. The annual demand fo

Assoli18 [71]

Answer:

200 units

Explanation:

For computing the number of units produced each time we need to applied the economic order quantity formula which is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

where,

Annual demand is 1,600 units

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And, the carrying cost or holding cost per unit per year is $2

Now placing these values to the above formula

So, the economic order quantity is

$= \sqrt{\frac{2\times \text{1,600}\times \text{\$25}}{\text{\$2}}}$

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3 years ago

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vekshin1

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3 years ago

A city street is a. always a public good, whether or not it is congested. b. a public good when it is congested, but it is a com

anyanavicka [17]

Answer:

a common resource when it is congested, but it is a public good when it is not congested.

Explanation:

We live in different areas, across city streets, with roads and they can either be public goods or common resources. Now, when the streets are not congested, it simply means that an individual can freely access the areas without that affecting any other person. In this simple case, the use by one person is not in rival consumption and so the streets are said to be a public good. But when the area is fully congested, people might find it difficult to move around through the areas. The use of the areas could cause negative externalities. Because the place would be overcrowded, people can only move at a slow pace. In this case, the street are said to be a common resource.

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2 years ago

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