University of California Economics Worksheet

Description

Multiplant Monopoly. The costs represent two different plants. Profit maximize q1 and q2 (Symmetric Cost Functions)

P=100 – 3Q

Q= q1 + q2

TC1=10q1 + q1^2

TC2=10q2 + q2^2

Multiplant Monopoly. The costs represent two different plants. Profit maximize q1 and q2 (Asymmetric Cost Functions)

P=115 – 3Q

Q= q1 + q2

TC1=15 + 5q1^2

TC2=17 + 9q2^2

Cournot. Profit maximize q1 and q2 (Symmetric Cost Functions)

P=100 – 3Q

Q= q1 + q2

TC1=10q1 + q1^2

TC2=10q2 + q2^2

Cournot. Profit maximize q1 and q2 (Asymmetric Cost Functions)

P=115 – 3Q

Q= q1 + q2

TC1=15 + 5q1^2

TC2=17 + 9q2^2

Stackelberg. Profit maximize q1 and q2 (Symmetric Cost Functions)

P=100 – 3Q

Q= q1 + q2

TC1=10q1 + q1^2

TC2=10q2 + q2^2

Stackelberg. Profit maximize q1 and q2 (Asymmetric Cost Functions)

P=115 – 3Q

Q= q1 + q2

TC1=15 + 5q1^2

TC2=17 + 9q2^2

Explanation & Answer:

Worksheet

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