Suppose that the market demand curve for mineral water is given as Q=100−10P and marginal cost...

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Suppose that the market demand curve for mineral water is given as Q=100−10P and marginal cost...

Suppose that the market demand curve for mineral water is given as Q=100−10P and marginal cost is fixed at $4. Find the equilibrium price and quantity in each type of different market structure. Show your calculation.

A) Bertrand duopoly (MR is fixed at the level of MC).

B) Perfect competitive market (MR is fixed at the level of MC).

business economics

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