SlideShare a Scribd company logo
#2. (20 points) 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

More Related Content

More from agarvalcollections16

- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf
- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf
- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf
agarvalcollections16
 
(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf
(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf
(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf
agarvalcollections16
 
) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf
) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf
) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf
agarvalcollections16
 
- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf
- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf
- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf
agarvalcollections16
 
) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf
) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf
) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf
agarvalcollections16
 
(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf
(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf
(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf
agarvalcollections16
 
(The time is June 2020). Century Furniture is a privately own compan.pdf
(The time is June 2020). Century Furniture is a privately own compan.pdf(The time is June 2020). Century Furniture is a privately own compan.pdf
(The time is June 2020). Century Furniture is a privately own compan.pdf
agarvalcollections16
 
(Journal entries to Record Deferred Income tax Expense)The accou.pdf
(Journal entries to Record Deferred Income tax Expense)The accou.pdf(Journal entries to Record Deferred Income tax Expense)The accou.pdf
(Journal entries to Record Deferred Income tax Expense)The accou.pdf
agarvalcollections16
 
(General) The �Voyage of the Beagle provides lots of opportunities .pdf
(General) The �Voyage of the Beagle provides lots of opportunities .pdf(General) The �Voyage of the Beagle provides lots of opportunities .pdf
(General) The �Voyage of the Beagle provides lots of opportunities .pdf
agarvalcollections16
 
(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf
(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf
(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf
agarvalcollections16
 
#21.1 El movimiento de trabajadores de trabajos de menor product.pdf
#21.1 El movimiento de trabajadores de trabajos de menor product.pdf#21.1 El movimiento de trabajadores de trabajos de menor product.pdf
#21.1 El movimiento de trabajadores de trabajos de menor product.pdf
agarvalcollections16
 
�Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf
 �Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf �Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf
�Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf
agarvalcollections16
 
[Lisonbee] Using the template provided, implement the function inser.pdf
 [Lisonbee] Using the template provided, implement the function inser.pdf [Lisonbee] Using the template provided, implement the function inser.pdf
[Lisonbee] Using the template provided, implement the function inser.pdf
agarvalcollections16
 
Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf
 Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf
Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf
agarvalcollections16
 
#include deck.h .pdf
#include deck.h .pdf#include deck.h .pdf
#include deck.h .pdf
agarvalcollections16
 
�rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf
 �rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf �rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf
�rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf
agarvalcollections16
 
Zeta Designs, Inc. has the following data (Click the icon to view th.pdf
 Zeta Designs, Inc. has the following data (Click the icon to view th.pdf Zeta Designs, Inc. has the following data (Click the icon to view th.pdf
Zeta Designs, Inc. has the following data (Click the icon to view th.pdf
agarvalcollections16
 
Your networks mobile users are complaining about the speed of the ne.pdf
 Your networks mobile users are complaining about the speed of the ne.pdf Your networks mobile users are complaining about the speed of the ne.pdf
Your networks mobile users are complaining about the speed of the ne.pdf
agarvalcollections16
 

More from agarvalcollections16 (18)

- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf
- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf
- Which is higher in TLC than in RV a. airways resistance b. alveol.pdf
 
(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf
(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf
(This is a Grantia Sponge)1. Radial Canal2. Dernal Ostium.pdf
 
) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf
) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf
) Yatrm fonu nedir A. Yatrm olarak satn alabileceiniz bir menkul .pdf
 
- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf
- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf
- A Caesar cipher has been used to produce the output Czelep xp 11 .pdf
 
) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf
) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf
) Pan Company issued 480,000 shares of $10 par common stock with a f.pdf
 
(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf
(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf
(Tahvil lemleri �in Giriler) Aada iki bamsz durum sunulmaktadr. 1..pdf
 
(The time is June 2020). Century Furniture is a privately own compan.pdf
(The time is June 2020). Century Furniture is a privately own compan.pdf(The time is June 2020). Century Furniture is a privately own compan.pdf
(The time is June 2020). Century Furniture is a privately own compan.pdf
 
(Journal entries to Record Deferred Income tax Expense)The accou.pdf
(Journal entries to Record Deferred Income tax Expense)The accou.pdf(Journal entries to Record Deferred Income tax Expense)The accou.pdf
(Journal entries to Record Deferred Income tax Expense)The accou.pdf
 
(General) The �Voyage of the Beagle provides lots of opportunities .pdf
(General) The �Voyage of the Beagle provides lots of opportunities .pdf(General) The �Voyage of the Beagle provides lots of opportunities .pdf
(General) The �Voyage of the Beagle provides lots of opportunities .pdf
 
(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf
(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf
(0) Manny Gill is an entrepreneur who started West Secure, a busines.pdf
 
#21.1 El movimiento de trabajadores de trabajos de menor product.pdf
#21.1 El movimiento de trabajadores de trabajos de menor product.pdf#21.1 El movimiento de trabajadores de trabajos de menor product.pdf
#21.1 El movimiento de trabajadores de trabajos de menor product.pdf
 
�Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf
 �Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf �Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf
�Cu�les son las consecuencias del hecho de que la prensa se encargu.pdf
 
[Lisonbee] Using the template provided, implement the function inser.pdf
 [Lisonbee] Using the template provided, implement the function inser.pdf [Lisonbee] Using the template provided, implement the function inser.pdf
[Lisonbee] Using the template provided, implement the function inser.pdf
 
Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf
 Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf
Zara �C�mo se compara la presencia de tiendas y ventas de Zara .pdf
 
#include deck.h .pdf
#include deck.h .pdf#include deck.h .pdf
#include deck.h .pdf
 
�rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf
 �rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf �rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf
�rnek olay incelemesi elma iPhone. K�resel bir ekonomide he.pdf
 
Zeta Designs, Inc. has the following data (Click the icon to view th.pdf
 Zeta Designs, Inc. has the following data (Click the icon to view th.pdf Zeta Designs, Inc. has the following data (Click the icon to view th.pdf
Zeta Designs, Inc. has the following data (Click the icon to view th.pdf
 
Your networks mobile users are complaining about the speed of the ne.pdf
 Your networks mobile users are complaining about the speed of the ne.pdf Your networks mobile users are complaining about the speed of the ne.pdf
Your networks mobile users are complaining about the speed of the ne.pdf
 

Recently uploaded

Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
DhatriParmar
 
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th SemesterGuidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Atul Kumar Singh
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
Marketing internship report file for MBA
Marketing internship report file for MBAMarketing internship report file for MBA
Marketing internship report file for MBA
gb193092
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
EduSkills OECD
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
Nguyen Thanh Tu Collection
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 

Recently uploaded (20)

Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
 
Guidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th SemesterGuidance_and_Counselling.pdf B.Ed. 4th Semester
Guidance_and_Counselling.pdf B.Ed. 4th Semester
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
Marketing internship report file for MBA
Marketing internship report file for MBAMarketing internship report file for MBA
Marketing internship report file for MBA
 
Francesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptxFrancesca Gottschalk - How can education support child empowerment.pptx
Francesca Gottschalk - How can education support child empowerment.pptx
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 

#2. (20 points) Two firms produce differentiated products. Let P1 an.pdf

  • 1. #2. (20 points) 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