申論題

Question 4
 This is about a dominated oligopolistic market. Consider a dominant firm D with large market share and three fringe firms F with small market share. Dominant firm D is the price setter and three fringe firms F are price followers in the market. Market demand is Q(P)=10,000-P and the supply of three fringe firms is Q(P)=P-6,000.

(b) Suppose marginal cost of dominant firm is MC_d=5,000. Find market price P= _______ the output of dominant firm Q_d= _______ and the output of fringe firms Q_s= _______