Duopolists a and B Face the Following Demand Curves: Q_A

question 29

Multiple Choice

Duopolists A and B face the following demand curves: Q_A = 150 - 5P_A + 4P_B and Q_B = 150 - 5P_B + 4P_A.If both firms have zero marginal cost and they form a cartel,what is the profit-maximizing price and quantity?

• A) P = 25, Q = 250.
• B) P = 40, Q = 100.
• C) P = 60, Q = 120.
• D) P = 80, Q = 80.
• E) P = 75, Q = 150.

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Definitions:

Conflict Management Styles

Various approaches individuals or groups use to handle disputes, ranging from avoidance and accommodation to competition and collaboration.

Degree of Concern

Measures the level of interest, worry, or care that an individual or group has towards a particular issue or situation.

Competing Style

A conflict management approach characterized by assertiveness and uncooperativeness, focusing on winning or securing one's own goals above others.

Risk Taking

Risk taking involves engaging in actions that expose one to the chance of loss or failure, often with the hope of achieving some benefit or gain.