Price Theory代写

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  • Price Theory代写
    Price Theory
    Assignment 2 { Market Power
    Suppose that there are two rms competing in the market for taxi services. Big Ben
    Taxis has the marginal cost MCB = $9 per trip, and the xed cost FCB = $3,000,000.
    While Whitehall Taxis has the marginal cost MCW = $15 per trip, and the xed cost
    FCW = $1,000,000.
    Inverse demand for taxi trips in the market is given by the function,
    P = 75