Skip to main content

Game Theory and Oligopoly Profit

14. Oligopoly / Game Theory and Oligopoly Profit / Problem 5

Problem 5

If a duopoly firm sells 100 units at a price of \$20 with zero costs, what is the firm's total profit?

A

\$1,000

B

\$2,500

C

\$500

D

\$2,000