10.E: 10.E-Monopolistic Competition and Oligopoly (Exercises)
- Page ID
- 126273
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10.1: Monopolistic Competition
Self-Check Questions
Q1
Q2
Review Questions
Q3
Q4
Q5
Q6
Q7
Q8
Critical Thinking Questions
Q9
Q10
Q11
Problems
Q12
Price | Quantity | TC |
---|---|---|
$25.00 | 0 | $130 |
$24.00 | 10 | $275 |
$23.00 | 20 | $435 |
$22.50 | 30 | $610 |
$22.00 | 40 | $800 |
$21.60 | 50 | $1,005 |
$21.20 | 60 | $1,225 |
Solution
S1
S2
10.2: Oligopoly
Self-Check Questions
Q1
Q2
Firm B colludes with Firm A | Firm B cheats by selling more output | |
Firm A colludes with Firm B | A gets $1,000, B gets $100 | A gets $800, B gets $200 |
Firm A cheats by selling more output | A gets $1,050, B gets $50 | A gets $500, B gets $20 |
Review Questions
Q3
Q4
Q5
Critical Thinking Questions
Q6
Q7
Problems
Q8
Mary | |||
A | B | ||
Raj | A | ($100, $100) | ($200, $0) |
B | ($0, $200) | ($150, $150) |
Q9
Jane | |||
A | B | ||
Bill | A | (30, 30) | (15, 35) |
B | (35, 15) | (20, 20) |