The Inverse Demand in a Cournot Duopoly Is P =

question 4

Multiple Choice

The inverse demand in a Cournot duopoly is P = a - b (Q₁ + Q₂) , and costs are C₁(Q₁) = c₁Q₁ and C₂(Q₂) = c₂Q₂.The Government has imposed a per unit tax of $t on each unit sold by each firm.The tax revenue is:

• A)t times the total output of the two firms should there be no sales tax.
• B)less than t times the total output of the two firms should there be no sales tax.
• C)greater than t times the total output of the two firms should there be no sales tax.
• D)none of the statements associated with this question are correct.

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Definitions:

Fluid Balance

The equilibrium between the intake and output of fluids in the body, crucial for maintaining health and proper physiological function.

Intake And Output

The measure of all fluids taken into and expelled from the body, a key component in patient care to assess fluid balance.

Daily Weights

The practice of measuring a patient's body weight at the same time every day to monitor changes, often used in medical settings.

Large Intestine

A part of the gastrointestinal tract that absorbs water and salts from food residues, transforming them into solid waste for excretion.