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

question 24

Multiple Choice

suppose that two Cournot duopolists serve the Peoria-Dubuque route, and the demand curve for tickets per day is Q = 190 - 2p (so p = 95 - Q/2) .Total costs of running a flight on this route are 1,050 + 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)$525.
• B)$190.
• C)$200.
• D)$400.
• E)$2,250.

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Definitions:

Topoisomerases

Enzymes that relieve twists and kinks in a DNA molecule by breaking and rejoining the strands.

DNA Molecules

The carriers of genetic information in living organisms, consisting of two long chains of nucleotides twisted into a double helix.

Replication

To provide a 3' end to which DNA polymerase adds nucleotides. The RNA primer is later degraded and replaced with DNA.

DNA Replication

The biochemical process of producing two identical replicas from one original DNA molecule, critical for cell division and genetic inheritance.