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Please, please, please answer all the questions because they are all connected. There are 4 sections

1. Suppose Delta Airlines is a monopolist in the Atlanta market with a demand schedule: P = 400-.5*Q, and marginal cost schedule MC=AC=Scomp=100. Scomp is the supply schedule for a competitive market. Find the profit-maximizing price for Delta. Fill in the blank below with your answer. Your answer should be entered as a whole number such as 102. If you get 102.56, do not round or enter any decimal places, just enter 102 and nothing else for the answer.

2. Suppose Delta Airlines is a monopolist in the Atlanta market with a demand schedule: P = 400-.5*Q, and marginal cost schedule MC=AC=Scomp=100. What price would Delta charge if it were regulated and forced to set price at the competitive level? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 102. If you get 102.56, do not round or enter any decimal places, just enter 102 and nothing else for the answer.

3.Now suppose United Air Lines enters the Atlanta market. Consider this to be an oligopoly market with two firms that behave in a Cournot Model fashion. The market demand schedule is cost schedule for both firms are: P = 400 - .5*Q, and firm level cost for both firms is MC=AC=Scomp=100. What is the Cournot Market Price? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 102. If you get 102.56, do not round or enter any decimal places, just enter 102 and nothing else for the answer.

4. Now consider Atlanta as an oligopoly market with five airlines that behave in a Cournot Model fashion. The Atlanta market demand schedule is: P = 400 - .5*Q. The Cost schedule for Delta is: MC=AC=Scomp=100. The Cost schedule for the other four firms (United, Southwest, et al) is: MC=AC=Scomp=100. What is the Cournot Market Price? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 102. If you get 102.56, do not round or enter any decimal places, just enter 102 and nothing else for the answer.

5.Again consider Atlanta as an oligopoly market with five airlines that behave in a Cournot Model fashion. The Atlanta market demand schedule is: P = 400 - .5*Q. The Cost schedule for Delta is: MC=AC=Scomp=100. The Cost schedule for the other four firms (United, Southwest, et al) is: MC=AC=Scomp=60. In the previous scenario Deltas market share was 20% since all five firms were identical. What is Deltas new market share? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 20 if the answer is 20.87%. That is, if you get a number such as 20.87% do not round or enter any decimal places, just enter 20 and nothing else for the answer.

Please, please, please answer all the questions because they are all connected. There are 4 sections

Please, please, please answer all the questions because they are all connected. There are 4 sections

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