economics project help Fundamentals Explained

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Every consumer is willing to pay back at most $mathrm v =35 €$ to get a cake and he/she needs to acquire at most one particular device. Every consumer bears a disutility in consuming a product that doesn't have strictly favored features. Assume that this disutility equals $t=2$ per device of distance. The marginal prices of the two corporations are equal $c_ B C =c_ E C =12$. Firms BC and EC contend by deciding upon selling prices. Suppose that agency Check this out BC has decided to create with minimal sweetness, while EC has incredibly sweet.

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