4) Assume, A and B are the only firms which are operating in an
oligopolistic market. The
equation of the market demand curve is, Q=600-2P, the total cost
function of the firm A
is, TCA=0.5and the total cost function of the firm B is,
TCB=120qB.
a) Find the market price and quantities if both firms behave as
Cournot duopolists.
b) Find the market price and quantities if the firm A behaves as
the Stackelberg leader
and firm B behaves as...