Suppose That Two Cournot Duopolists Serve the Peoria-Dubuque Route, and the Demand

question 3

Multiple Choice

suppose that two Cournot duopolists serve the Peoria-Dubuque route, and the demand curve for tickets per day is Q = 160 - 2p (so p = 80 - Q/2) .Total costs of running a flight on this route are 400 + 20q, where q is the number of passengers on the flight.Each flight has a capacity of 80 passengers.In Cournot equilibrium, each duopolist will run one flight per day and will make a daily profit of

• A)$800.
• B)$400.
• C)$200.
• D)$160.
• E)$1,600.

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Definitions:

White Matter

A component of the central nervous system consisting of glial cells and myelinated axons that facilitates communication between different brain regions.

Myelin

A fatty substance that surrounds and insulates the axons of some neurons, enhancing the speed at which nerve signals travel.

Cerebrospinal Fluid

A clear, colorless body fluid found in the brain and spinal cord, which acts as a cushion for the brain's cortex, providing basic mechanical and immunological protection.

Somatic Nervous System

A part of the peripheral nervous system that is responsible for carrying motor and sensory information both to and from the central nervous system.