The demand for on-line brokerage services is: Q^D = 6,500 - 100P $\iff$ P = 65 - 0.01 Q^D. If the on-line brokerage firms collude, the collusive marginal revenue function is: MR(Q) = 65 - 0.02Q. The brokerage firm specific marginal cost functions are: { Calculate the collusive output level and market price. If the brokerage firms behaved competitively and each firm set its own marginal cost equal to price, what would be the output level and market price?

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The Answer of The demand for on-line brokerage services is: Q^D = 6,500 - 100P $\iff$ P = 65 - 0.01 Q^D. If the on-line brokerage firms collude, the collusive marginal revenue function is: MR(Q) = 65 - 0.02Q. The brokerage firm specific marginal cost functions are: { Calculate the collusive output level and market price. If the brokerage firms behaved competitively and each firm set its own marginal cost equal to price, what would be the output level and market price?

The Demand for On-Line Brokerage Services Is: QD = 6,500 ⟺ \iff⟺

The Demand for On-Line Brokerage Services Is: Q^D = 6,500 $\iff$