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Assume you are the manager

Assume you are the manager

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Assume you are the manager of Abba Cable Company, which provides commercial

communication services to the town of Canyon Lake, Texas. Because of licensing restrictions in

the market, only your company and two others (Babba and Cabba) are allowed to operate in this

market. The three companies decide to form a cartel and divide the market shares such that each

company will provide services that will maximize its profits. The licensing restrictions allow each

company to sell as much as it wants at a price ceiling of $2,200. You have the following output

and MC data for each company:

Output MC ($)

Q Abba Babba Cabba

1,000 2,500 2,600 2,700

2,000 2,400 2,300 2,500

3,000 2,200 2,100 2,300

4,000 2,000 2,000 2,100

5,000 2,100 2,200 2,200

6,000 2,200 2,500 2,300

A.Calculate the industry output and market share at the current price of $2,200, assuming the

prices are stable and unlikely to change.

B. Assume the current prices in the market are challenged by the regulatory agency, resulting in a

new maximum price of $2,000. How will this change the industry output and market share for each

company?

C. Is there any incentive for any company to cheat under either of the conditions in tasks a and b?

Why or why not?

A. The industry output will be 4000+4000+4000= 12000 units because at 4000 units, each company is

maximizing its profit. The market share for each company is 33.3%.

B. If price drops down to 2000, only Abba and Babba will be able to operate and Cabba will have to shut

down operations. Abba and Babba will produce 4000 units each and will operate on a no profit, no loss

basis and will have 50% market share each.

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Assume you are the manager of Abba Cable Company, which provides commercial communication services to the town of Canyon Lake, Texas. Because of licensing restrictions in the market, only your company and two others (Babba and Cabba) are allowed to operate in this market. The three companies decide to form a cartel and divide the market shares such that each company will provide services that will maximize its profits. The licensing restrictions allow each company to sell as much as it wants at a price ceiling of $2,200. You have the following output and MC data for each company: Output MC ($) ...
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Thought paper no 2

Thought Paper No: 2 â€œConsidering the different Analytical perspectives on the Noli Me Tangere, what are the implicat ...

Thought paper no 2

Thought Paper No: 2 â€œConsidering the different Analytical perspectives on the Noli Me Tangere, what are the implications for teaching the novelâ€

PHL2100 NorthEastern The Corporation Movie Video Analysis

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PHL2100 NorthEastern The Corporation Movie Video Analysis

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Visualizations in R Project[WLO: 3] [CLOs: 2, 3]Prior to beginning work on this assignment, be sure to have completed all previous labs in the course. For the Final Project, you will use the R and RStudio tools you have worked with throughout this course to create the visualizations for the elements described below.Create a data set in R from the csv input file provided in the lab and show the data rows for the State of Iowa.Display the head and tail for the Iowa data set.Create a bar chart in R that displays the following attributes in a useful manner. Include appropriate labeling for the elements:Driver IDCityStateAvg velocityTotmilesRiskfactorCreate a pie chart in R that shows the ratio of “risky drivers” compared to drivers who are not. Include appropriate labels that indicate the elements in the visualization. NOTE: In the state of Iowa, any driver who has a riskfactor greater than or equal to seven is considered a risky driver.Create a U.S. state map of Iowa using the map package and library information you loaded to your R environment in Week 5, and display the following:The state information from “states:” list and create a subset variable.Plot the state by using the ggplot() function with coord_fixed(1.3).Display the boundaries of the state’s counties in the map of the state.For each completed element, create a screen capture of your product and include it in a Word document. Clearly label each screen capture with the assignment element it represents. Be sure that your screen captures are large enough that they are clear and easily readable. You should have a minimum of five screen captures in your document. Submit your document to Waypoint for grading.The Visualizations in R ProjectMust include a minimum of five clearly labeled screen captures.Must include a separate title page with the following:Title of AssignmentStudent’s nameCourse name and numberInstructor’s nameDate submittedPlease find the below materials for your review. This includes recorded session, presentation, R code and data samples for the two regressions model.I strongly suggest that you listen to the recorded lecture at it's entirely before reviewing the attached codes. These two R models are the most tools used in any corporate as part of data science efforts related to machine learning and artificial intelligence.Recorded session (logistics and Linear Regression in R)https://drive.google.com/file/d/1Es7lKb_hGtXmhLmuEJM45MEaLPQyd7kO/view?usp=sharing (Links to an external site.)Logistics and Linear regression in R. (Presentation)https://drive.google.com/file/d/1WJMUPORIYQSvoHHeA_c9Eu0IwePLg3ox/view?usp=sharing (Links to an external site.)Linear Regression:Code in Rhttps://drive.google.com/file/d/1t-xYgyQYFHa6e0R2IbZhAmPbne-ysPyx/view?usp=sharing (Links to an external site.)Linear Regression Data samplehttps://drive.google.com/file/d/1i-K0mJM4B_f-U0YAC5lF9NBVc6id6RVp/view?usp=sharing (Links to an external site.)Logistic RegressionCode in Rhttps://drive.google.com/file/d/1MwqebB3loU6fkmcaBCoRZhWf0hWGQyrJ/view?usp=sharing (Links to an external site.)Logistic Regression Data samplehttps://drive.google.com/file/d/10sQUrJYvp54nl31OkEx1TTsEXjFx9HZH/view?usp=sharing (Links to an external site.)

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