Suppose the market demand curve is given by100 2P Q  . If one Cournot duopolist produces1 10Q  ,the residual demand curve faced by the other Cournot duopolist isA) P = 90 – 2Q2.B) P = 80 – 2Q2.C) Q2 = 80 – P.D) Q2 = 80 – 2P

In a market there are two consumers. Each consumer has a demand curve of P = 10–0.5q. What is the market demand curve?

In a competitive market the demand curve is given by P = 120–2q and supply by P = q. What are the equilibrium price and quantity traded?Group of answer choicesP* = 60, q* = 60P* = 40, q* = 80P* = 40, q* = 40P* = 20, q* = 40None of the above.

Two firms (Firm 1 and Firm 2) compete in selling identical products. They choose their outputlevels simultaneously and face the inverse market demand curve given by P = 100 – Q, whereQ = Q1 + Q2 . Q is the total market quantity produced, while Q1 and Q2 represent the outputsproduced by the two firms, respectively. The total cost functions for firm 1 and firm 2 are givenby TC(Q1 ) = 40Q1 and TC(Q2 ) = 40Q2 , respectively.2.1 Determine the Cournot-Nash equilibrium in this market. [9]2.2 Calculate the profit (loss) for each firm.

Consider a Cournot duopoly. The market demand function is P = 131 – 1(q1 + q2), where P is the market price, q1 is the output produced by Firm 1 and q2 is the output produced by Firm 2. The two firms have a constant marginal cost c = 18.What quantity does Firm 1 produce ?

The market inverse demand curve is P = 90 – Q, where Q is the total market output consisting of Firm 1's output, q1, and Firm 2's output, q2. Both firms have a constant marginal cost of $10. If Firm 1 selects its output level first, how much output does each firm produce?