SlideShare a Scribd company logo

Two firms produce differentiated products Let P1 and P2 be .pdf

•
•
I
info824030

Two firms produce differentiated products. Let P1 and P2 be the prices firm 1 and firm 2 charge and Q1 and Q2 be the demands for firm 1s and firm 2s products, respectively. They satisfy Q1 = 7 3P1 + P2, and Q2=73P2+P1. The total cost of production is C1 = Q1 for firm 1, and C2 = Q2 for firm 2. These two firms set their prices simultaneously (Bertrand Competition). Identify whether these two goods are substitutes or complements. Find the prices of these two firms in a Bertrand equilibrium..

Education
1 of 1
Download to read offline
Two firms produce differentiated products. Let P1 and P2 be the prices firm 1 and firm 2 charge and Q1 and Q2 be the demands for firm 1s and firm 2s products, respectively. They satisfy Q1 = 7 3P1 + P2, and Q2=73P2+P1. The total cost of production is C1 = Q1 for firm 1, and C2 = Q2 for firm 2. These two firms set their prices simultaneously (Bertrand Competition). Identify whether these two goods are substitutes or complements. Find the prices of these two firms in a Bertrand equilibrium.

Recommended

Un ejemplo de un efecto ________ de la inversin extranjera .pdf
Un ejemplo de un efecto ________ de la inversin extranjera .pdfUn ejemplo de un efecto ________ de la inversin extranjera .pdf
Un ejemplo de un efecto ________ de la inversin extranjera .pdfinfo824030
 
Un ejemplo de comunidad es A Un individuo de algas gigante.pdf
Un ejemplo de comunidad es A Un individuo de algas gigante.pdfUn ejemplo de comunidad es A Un individuo de algas gigante.pdf
Un ejemplo de comunidad es A Un individuo de algas gigante.pdfinfo824030
 
Un cruce monohbrido considera la herencia de un solo rasgo.pdf
Un cruce monohbrido considera la herencia de un solo rasgo.pdfUn cruce monohbrido considera la herencia de un solo rasgo.pdf
Un cruce monohbrido considera la herencia de un solo rasgo.pdfinfo824030
 
Un cientfico investigador que trabaja para una startup de c.pdf
Un cientfico investigador que trabaja para una startup de c.pdfUn cientfico investigador que trabaja para una startup de c.pdf
Un cientfico investigador que trabaja para una startup de c.pdfinfo824030
 
Un cientfico observa varios fsiles en el lecho de un ro .pdf
Un cientfico observa varios fsiles en el lecho de un ro .pdfUn cientfico observa varios fsiles en el lecho de un ro .pdf
Un cientfico observa varios fsiles en el lecho de un ro .pdfinfo824030
 
Un cientfico observa a un depredador buscando presas crpti.pdf
Un cientfico observa a un depredador buscando presas crpti.pdfUn cientfico observa a un depredador buscando presas crpti.pdf
Un cientfico observa a un depredador buscando presas crpti.pdfinfo824030
 
Un cambio en las trayectorias promedio de los ciclones de la.pdf
Un cambio en las trayectorias promedio de los ciclones de la.pdfUn cambio en las trayectorias promedio de los ciclones de la.pdf
Un cambio en las trayectorias promedio de los ciclones de la.pdfinfo824030
 
Uber Competing Globally 1 ISSUES faced by Uber in November.pdf
Uber Competing Globally 1 ISSUES faced by Uber in November.pdfUber Competing Globally 1 ISSUES faced by Uber in November.pdf
Uber Competing Globally 1 ISSUES faced by Uber in November.pdfinfo824030
 

Recommended

Un ejemplo de un efecto ________ de la inversin extranjera .pdf
Un ejemplo de un efecto ________ de la inversin extranjera .pdfUn ejemplo de un efecto ________ de la inversin extranjera .pdf
Un ejemplo de un efecto ________ de la inversin extranjera .pdfinfo824030
 
Un ejemplo de comunidad es A Un individuo de algas gigante.pdf
Un ejemplo de comunidad es A Un individuo de algas gigante.pdfUn ejemplo de comunidad es A Un individuo de algas gigante.pdf
Un ejemplo de comunidad es A Un individuo de algas gigante.pdfinfo824030
 
Un cruce monohbrido considera la herencia de un solo rasgo.pdf
Un cruce monohbrido considera la herencia de un solo rasgo.pdfUn cruce monohbrido considera la herencia de un solo rasgo.pdf
Un cruce monohbrido considera la herencia de un solo rasgo.pdfinfo824030
 
Un cientfico investigador que trabaja para una startup de c.pdf
Un cientfico investigador que trabaja para una startup de c.pdfUn cientfico investigador que trabaja para una startup de c.pdf
Un cientfico investigador que trabaja para una startup de c.pdfinfo824030
 
Un cientfico observa varios fsiles en el lecho de un ro .pdf
Un cientfico observa varios fsiles en el lecho de un ro .pdfUn cientfico observa varios fsiles en el lecho de un ro .pdf
Un cientfico observa varios fsiles en el lecho de un ro .pdfinfo824030
 
Un cientfico observa a un depredador buscando presas crpti.pdf
Un cientfico observa a un depredador buscando presas crpti.pdfUn cientfico observa a un depredador buscando presas crpti.pdf
Un cientfico observa a un depredador buscando presas crpti.pdfinfo824030
 
Un cambio en las trayectorias promedio de los ciclones de la.pdf
Un cambio en las trayectorias promedio de los ciclones de la.pdfUn cambio en las trayectorias promedio de los ciclones de la.pdf
Un cambio en las trayectorias promedio de los ciclones de la.pdfinfo824030
 
Uber Competing Globally 1 ISSUES faced by Uber in November.pdf
Uber Competing Globally 1 ISSUES faced by Uber in November.pdfUber Competing Globally 1 ISSUES faced by Uber in November.pdf
Uber Competing Globally 1 ISSUES faced by Uber in November.pdfinfo824030
 
Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdfUn anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdfinfo824030
 
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdfUlusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdfinfo824030
 
UHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdfUHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdfinfo824030
 
Two genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdfTwo genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdfinfo824030
 
Uick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdfUick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdfinfo824030
 
Two high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdfTwo high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdfinfo824030
 
Two years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdfTwo years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdfinfo824030
 
Two housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdfTwo housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdfinfo824030
 
Two fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdfTwo fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdfinfo824030
 
Two people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdfTwo people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdfinfo824030
 
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdfUbjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdfinfo824030
 
Two students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdfTwo students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdfinfo824030
 
Two random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdfTwo random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdfinfo824030
 
Two firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdfTwo firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdfinfo824030
 
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdfTwo debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdfinfo824030
 
Two accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdfTwo accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdfinfo824030
 
two 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdftwo 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdfinfo824030
 
A datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdfA datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdfinfo824030
 
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdfa Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdfinfo824030
 
A distribution of events with only two paisale ouccemes in t.pdf
A distribution of events with only two paisale ouccemes in t.pdfA distribution of events with only two paisale ouccemes in t.pdf
A distribution of events with only two paisale ouccemes in t.pdfinfo824030
 
EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxEPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxRaymartEstabillo3
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxJiesonDelaCerna
 

More Related Content

More from info824030

Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdfUn anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdfinfo824030
 
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdfUlusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdfinfo824030
 
UHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdfUHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdfinfo824030
 
Two genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdfTwo genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdfinfo824030
 
Uick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdfUick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdfinfo824030
 
Two high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdfTwo high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdfinfo824030
 
Two years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdfTwo years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdfinfo824030
 
Two housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdfTwo housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdfinfo824030
 
Two fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdfTwo fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdfinfo824030
 
Two people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdfTwo people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdfinfo824030
 
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdfUbjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdfinfo824030
 
Two students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdfTwo students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdfinfo824030
 
Two random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdfTwo random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdfinfo824030
 
Two firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdfTwo firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdfinfo824030
 
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdfTwo debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdfinfo824030
 
Two accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdfTwo accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdfinfo824030
 
two 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdftwo 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdfinfo824030
 
A datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdfA datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdfinfo824030
 
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdfa Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdfinfo824030
 
A distribution of events with only two paisale ouccemes in t.pdf
A distribution of events with only two paisale ouccemes in t.pdfA distribution of events with only two paisale ouccemes in t.pdf
A distribution of events with only two paisale ouccemes in t.pdfinfo824030
 

More from info824030 (20)

Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdfUn anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
 
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdfUlusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
 
UHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdfUHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdf
 
Two genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdfTwo genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdf
 
Uick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdfUick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdf
 
Two high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdfTwo high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdf
 
Two years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdfTwo years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdf
 
Two housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdfTwo housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdf
 
Two fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdfTwo fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdf
 
Two people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdfTwo people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdf
 
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdfUbjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
 
Two students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdfTwo students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdf
 
Two random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdfTwo random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdf
 
Two firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdfTwo firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdf
 
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdfTwo debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
 
Two accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdfTwo accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdf
 
two 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdftwo 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdf
 
A datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdfA datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdf
 
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdfa Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
 
A distribution of events with only two paisale ouccemes in t.pdf
A distribution of events with only two paisale ouccemes in t.pdfA distribution of events with only two paisale ouccemes in t.pdf
A distribution of events with only two paisale ouccemes in t.pdf
 

Recently uploaded

EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxEPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxRaymartEstabillo3
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxJiesonDelaCerna
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course for BeginnersFull Stack Web Development Course for Beginners
Full Stack Web Development Course for BeginnersSabitha Banu
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsanshu789521
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxVS Mahajan Coaching Centre
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTiammrhaywood
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,Virag Sontakke
 
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptxHistory Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptxsocialsciencegdgrohi
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfUjwalaBharambe
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...jaredbarbolino94
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
Pharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfPharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfMahmoud M. Sallam
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...M56BOOKSTORE PRODUCT/SERVICE
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfadityarao40181
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaVirag Sontakke
 

Recently uploaded (20)

EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxEPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptx
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course for BeginnersFull Stack Web Development Course for Beginners
Full Stack Web Development Course for Beginners
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
 
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
 
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptxHistory Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
 
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdfFraming an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
Framing an Appropriate Research Question 6b9b26d93da94caf993c038d9efcdedb.pdf
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
Pharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfPharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdf
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdf
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of India
 

Two firms produce differentiated products Let P1 and P2 be .pdf

  • 1. Two firms produce differentiated products. Let P1 and P2 be the prices firm 1 and firm 2 charge and Q1 and Q2 be the demands for firm 1s and firm 2s products, respectively. They satisfy Q1 = 7 3P1 + P2, and Q2=73P2+P1. The total cost of production is C1 = Q1 for firm 1, and C2 = Q2 for firm 2. These two firms set their prices simultaneously (Bertrand Competition). Identify whether these two goods are substitutes or complements. Find the prices of these two firms in a Bertrand equilibrium.