Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
Consider our model of Bertrand price competition with homogeneous goods. Each firm simultaneously and independently announce non-negative, integer prices where p . Consumers purchase from the firm with the lowest price. If the firms announce the same price, half the consumers purchase from each. Market demand is given by Q(P) = 40 – P where P is the lowest announced price. Firm one has a constant marginal cost of 0. Firm two has a constant marginal cost of 5. (Note: 12 is less than the monopoly price for either firm.)
a. Find BR1(12), BR1(6), BR1(5), BR1(4) and BR1(0). Find BR2(12), BR2(6), BR2(5), BR2(4) and BR2(0). Show your work or briefly explain your logic
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more