Suppose Cournot Duopolist Firms Operate with Each Having a Cost

question 68

Multiple Choice

Suppose Cournot duopolist firms operate with each having a cost of 30q_i (i = 1,2) so that each firm's marginal cost is 30.The inverse market demand curve is P = 120 - Q where Q = q₁ + q₂.Suppose there were no barriers to entry and firms continued to enter so long as there were positive economic profits.At the Nash-Cournot equilibrium,the price,P,is

• A) 30.
• B) 45.
• C) 60.
• D) 90.

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Definitions:

Kinesthetic Sense

The ability to sense body position and movement, also known as proprioception, which helps in coordinating motor functions.

Vestibular Senses

The sensory system that provides the leading contribution to the sense of balance and spatial orientation for coordinating movement with balance.

Proprioceptive Feedback

The sensory information received from within the body that helps one to understand the position and movement of muscles and limbs, contributing to the sense of body position and movement.

Kinesthetic

Refers to the sense that detects bodily position, weight, or movement of the muscles, tendons, and joints.