* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Document related concepts
no text concepts found
Transcript
Mineral Water â e.g., Evian and Perrier
Market Demand: P = 100 â Q or Q = 100 - P
Total Costs for each firm TC = 10q
Two firms, so that
q1 + q2 = Q
Firm 1 assumes Firm 2âs output remains constant
(q2), so
13
