Question
Two duopolist firms, 1 and 2, sell a homogeneous good in
a market with the demand function Q=100−2P, where Q is the quantity demanded at price P. Firms 1 and 2 have constant marginal costs of 0 and 30, respectively. The firms simultaneously announce prices, and consumers buy from the firm whose price is lower. If the firms choose the same price, all the consumers buy from firm 1. Firm 1's equilibrium price is:Solution
According to government data, India has become defecation free, but according to recent data how much percentage of households in rural area are still d...
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The concept of diminishing marginal utility implies that:
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Consider the following items in the two tables and choose the Correct Option.
Table A Table B
I- National Defence Public Good
...The $170 million policy-based loan from the Asian Development Bank (ADB) to India aims to:
