【正文】
quantity y2≥0。 Ycp ?Where 0)(39。1239。1 yCyC ?Since for all x0 Then we can write it as: That is, )()( 39。*2*1 yCyyyyPyyP ?????)(])[()( *239。:Show that if for all x0, then the cartel solution involves ? )(39。1*2*1*2*139。2*139。2139。2 yCyC ?? Generally, the function C’(x) increases with the argument x, So 12 yy ? But sometimes we cannot rule out the possibility that the function C’(x) decreases with the argument x from the graph of MC. Then 21 yy ? By 傅琴 3023004020 an industry with 2 firms, each having Marginal costs equal to demand curve Facing the industry is P(Y)=100Y Where Y=y1+y2 is total output. a)what is the petitive equilibrium level of Industry output? Solve: in a petitive industry, the price is )(39。s output? Firm 1