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

question 9

Multiple Choice

suppose that two Cournot duopolists serve the Peoria-Dubuque route, and the demand curve for tickets per day is Q = 170 - 2p (so p = 85 - Q/2) .Total costs of running a flight on this route are 850 + 10q, 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)$400.
• B)$425.
• C)$170.
• D)$800.
• E)$1,750.

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Definitions:

Incomplete Tetanus

A condition where muscle fibers produce almost peak tension during rapid cycles of contraction and relaxation.

Complete Tetanus

A condition of sustained muscle contraction resulting from rapid, repetitive stimulation that does not allow for relaxation between stimuli.

Fiber Relax

A process where muscle fibres return to a state of rest and lengthen after contraction or tension.

Sarcomere Recoil

The process by which a sarcomere returns to its original length and shape after contraction, contributing to muscle relaxation.