Suppose Duopolists Face the Market Inverse Demand Curve P =

question 57

Multiple Choice

Suppose duopolists face the market inverse demand curve P = 100 - Q,Q = q₁ + q₂,and both firms have a constant marginal cost of 10.If firm 1 is a Stackelberg leader and firm 2's best response function is q₂ = (100 - q₁) /2,at the Nash-Stackelberg equilibrium firm 1's output is

• A) 30.
• B) 40.
• C) 60.
• D) 70.

Understand the concept and implications of groupthink in team dynamics.

Comprehend different approaches to organizational communication.

Grasp the fundamentals of communication and its components.

Explain the phenomenon of group polarization and its relation to groupthink.

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Definitions:

Office Supplies

Consumable items that are used in offices on a day-to-day basis for administrative and office-related tasks, such as paper, pens, and staples.

Petty Cash Fund

A small amount of cash kept on hand for minor, immediate expenses to avoid the complexities of writing checks.

Missing Funds

Refers to a situation where there is a discrepancy between expected and actual funds, indicating that money might be unaccounted for or lost.

Office Supplies

Items used in offices for daily operations, such as paper, pens, and other stationery items, usually considered short-term assets.