Price Theory代写

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