Suppose That the Duopolists Carl and Simon in Problem 1

question 27

Multiple Choice

Suppose that the duopolists Carl and Simon in Problem 1 face a demand function for pumpkins of Q = 8,400 - 800P, where Q is the total number of pumpkins that reach the market and P is the price of pumpkins. Suppose further that each farmer has a constant marginal cost of $.50 for each pumpkin produced. If Carl believes that Simon is going to produce Q_s pumpkins this year, then the reaction function tells us how many pumpkins Carl should produce in order to maximize his profits. Carl's reaction function is R_C(Q_s) =

• A) 2,000 -.
• B) 8,400 - 800Q_s.
• C) 8,400 - 1,600Q_s.
• D) 4,000 -.
• E) 6,000 - Q_s.

---

Definitions:

Humorous Appeals

Marketing strategies that use humor to engage audiences, aiming to create a memorable connection between the consumer and the product.

Global Campaign

A Global Campaign is a coordinated marketing effort to promote a product, service, or brand across multiple countries, taking into account diverse cultural, linguistic, and regional differences.

CPM

Cost Per Mille, a marketing term used to denote the price of 1,000 advertisement impressions on one webpage.

Marketing Dashboard

A visual representation of key marketing performance indicators (KPIs) and metrics, designed to help marketers monitor and analyze their marketing strategies and campaigns.