Homework answers / question archive / Model Output by Firm Industry Quantity Profits By Firm Industry Profits Price Cournot QFirm1 = ? Market output  = ? units πFirm1 = ? Industry Profits = ?   QFirm2 = ? πFirm2 = ? Stackelberg QLeader = ? Market output  = ? Units πLeader = ? Industry Profits = ?   QFollower = ? πFollower = ? Bertrand   Market output  = ? Units   Industry Profits = ?   Collusion [Duopoly] QFirm1 = ? Market output  = ? units πFirm1 = ? Industry Profits = ?   QFirm2 = ? πFirm2 = ? Two firms compete in a market to sell a homogeneous product with inverse demand function P = 600 − 3Q

Model Output by Firm Industry Quantity Profits By Firm Industry Profits Price Cournot QFirm1 = ? Market output  = ? units πFirm1 = ? Industry Profits = ?   QFirm2 = ? πFirm2 = ? Stackelberg QLeader = ? Market output  = ? Units πLeader = ? Industry Profits = ?   QFollower = ? πFollower = ? Bertrand   Market output  = ? Units   Industry Profits = ?   Collusion [Duopoly] QFirm1 = ? Market output  = ? units πFirm1 = ? Industry Profits = ?   QFirm2 = ? πFirm2 = ? Two firms compete in a market to sell a homogeneous product with inverse demand function P = 600 − 3Q

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Two firms compete in a market to sell a homogeneous product with inverse demand

function P = 600 − 3Q. Each firm produces at a constant marginal cost of $300 and has no fixed costs. Use this information to compare the output levels and profits in settings characterized by Cournot, Stackelberg, Bertrand, and collusive behavior. 

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