Solved Assignments (Requires calculus) Three Cournot oligopolists, all with constant and identical marginal costs of…

  

This Assignment has been Solved

(Requires calculus) Three Cournot oligopolists, all with constant and identical marginal costs of $5, serve a market with demand Q = 15 − P. Calculate their equilibrium output and show that it is three-fourths of the perfectly competitive level. Also show that it is 50 percent above the monopoly level. Two of them now consider merging. If they merge they can better coordinate operations, and their marginal costs will fall to $2 at all outputs. What happens to market output? To the profit of the nonmerging firm? To the profit of the merged firm? Does this outcome seem odd to you?

For over 13 years, we have offered unmatched academic services to students. While at it, we have developed a culture that allows us to keep our clients first. Also, the experience and skillset acquired over the years have refined us and consequently, led to the delivery of the best Academic products. Your Success is our Pride.

How we have managed to stay on Top :

1. Our Qualified Writers and Tutors: Our success is mainly because of our writers and tutors who endeavor to see that all papers are done excellently.

2. Papers of Top Quality: We guarantee top quality papers by employing unique research methods.

3. 100% Product Originality: Originality is the core pillar of our business. We use software and human intellect to check for originality and errors.

4. Timely Delivery: We commit to delivering all assignments within the stipulated timeframe. As such, resources are committed to an assignment depending on the delivery schedule.

5. Pricing: Our price ranges are custom developed to cater for all students. Additionally, we have amazing Discounts.

6. 24/7 Customer Care: We are available through-out to answer and serve our clients.

(it’s simple and quick)

  

Leave a Comment

Your email address will not be published.