The can industry is composed of two firms. Suppose that the demand curve for cans is P= 100- Q and the total cost function of each firm is TC = 2 + 15q.

b) If only one firm enters a new market, how much will each firm produce and will make the profit?

c) If both enter the new market, how much will each firm produce and will make the profit?

e) If these two firms collude and they want to maximize their combined profit, how much will the firm A produce? And Profit?

f) How much will the Firm B produce?

g) Is this collusion would work? Why or why not?

h) If the Firm A moves first, how much profit for each firm will change? Construct the game tree and find Nash EQ

HISTORY

Explore the importance of religion in New England society, and the relationship of church and state. Include a discussion of the Salem Witch Trails. Write between 150 to 200 words

In a paragraph form and in at least 200 words discuss the relationship of English settlers with the native American peoples of North America, focusing on at least three different colonies.

Please write 500 words

1. How did you get the idea or concept for your business?

2. How many employees do you have? How do you recruit employees?

3. What service or product do you provide?

4. How do you advertise your business?

5. What made you choose your current location?

6. What is unique about your business?

7. If you had one piece of advice to someone just starting out, what would it be?

SS and LG are duopoly cell phone producers in S. Korea. Both firms are seeking to expand the 4GB cell phone market in Dubai. The managerial team is carefully studying the level of competition and the market demand for 4 GB cell phone. A study shows that the market demand curve for 4GB cell phone is P = 180 –Q. Also, they conclude that there are will be no competitors other than SS and LG, if they both enter, in Dubai at least for a few years. Both firms have similar MC: MC_SS=40 and MC_LG= 44. What are the Cournot competition quantities and profits? What would be the monopoly output and profit if only one firm enter?

The following questions are no need to answer for your ICA. You can practice the following questions after CH 10 discussion. However, my answer will show the following questions' answers as well.

What would be the likely outcome of the entry decision? Which firm would enter? or both? Show your work and game table in order to support your answer.

Identify the definition for each term listed below from the following list.

    1. The study of how people make decisions where attaining goals depends on interactions with others.

    2. A table that shows the payoffs each firm earns from every combination of firm strategies.

    3. An agreement among firms to charge the same price or otherwise not to compete.

    4. A strategy that is the best for a​ firm, no matter what strategies other firms use.

    5. A situation in which each firm chooses the best​ strategy, given the strategies chosen by other firms.

    6. A game outcome in which players seek to increase their mutual payoff.

    7. A situation where one firm announces a price​ change, which is matched by other firms in the industry.

    8. A game in which the firms choose their strategies at the same time.

    9. One firm’s gain must equal the other firm’s loss.

    10. A game in which the sum of the two firms’ outcomes is positive.

    11. The firms select their optimal strategies in a single time period without regard to possible interactions in subsequent time periods.

    12. A game that recurs more than once.

​Instructions: Enter a numeric response corresponding to a definition listed above using an​ integer.

a. Collusion:  .

b. Zero-sum game:  .

c. Game theory:  .

d. Positive-sum game:  .

e. Payoff matrix:  .

What is The "Current Macroeconomic Situation" In the U.S. (e.g. is The U.S. Economy Currently Concerned about Unemployment, Inflation, Recession, Etc.)? What Fiscal Policies And Monetary Policies Would Be Appropriate At This Time?

Could we ever achieve an unemployment rate below full employment? What problems might we encounter if it did.

Generally, the use of trade policies that disrupt free trade is predicted to bring down the overall welfare of the imposing country. However, there are some cases where the opposite is predicted/argued. List as many of such cases as possible with the reason(s) behind such prediction(s)/argument(s).

Suppose the U.S. government announces that it will bring the federal budget deficit to zero, over the next ten years, with no change in tax rates. Describe the effects of such a policy according to the three business cycle models, assuming that the policy is fully credible

Describe the history behind the first three Texas constitutions.