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nakungth nakungth
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6 years ago
The demand for on-line brokerage services is: QD = 6,500 - 100P  P = 65 - 0.01 QD.  If the on-line brokerage firms collude, the collusive marginal revenue function is: MR(Q) = 65 - 0.02Q.  The brokerage firm specific marginal cost functions are: {
Calculate the collusive output level and market price.  If the brokerage firms behaved competitively and each firm set its own marginal cost equal to price, what would be the output level and market price?
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Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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nakungth Author
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6 years ago
This helped my grade so much Perfect
kamikazekota
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Yesterday
Brilliant ツ
rene_ram97
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2 hours ago
Good timing, thanks!
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