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:

Posterior Temporal Lobe

A region of the brain located at the lower back part of the temporal lobe, important for processing auditory information and encoding memory.

Procedural Memory

A form of memory that lasts for a long time, dedicated to remembering the processes and techniques involved in performing various tasks and abilities.

Declarative Memory

A type of long-term memory that involves the conscious recall of facts and events.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences.