Market for Snowmobiles in Wisconsin Assignment | Homework For You

Question One

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

Consider the market for snowmobiles in Wisconsin. There are two major producers, Avalanche and IceRunner. The demand for snowmobiles is characterized by the following equation:


P = 3400 – A – I,

where represents the number of snowmobiles Avalanche produces and represents the number of snowmobiles IceRunner produces in a year.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

The two companies have the same cost structures. Each have a marginal cost that is equal to average cost equal to 400 for every level of output.

Make sure to explain clearly how you are solving the problem and show your work.

a. This is a Cournot situation where Avalanche and IceRunner choose output simultaneously. They are building the snowmobiles in the current year and then selling them for the price determined by the market in the next year. In the Nash equilibrium identify

1) the quantities chosen by Avalanche and IceRunner,

2) the market price that will result,

3) , and the profits received by Avalanche and IceRunner.

Make sure to explain clearly how you are solving the problem and show your work. (15 points)

b. Say that Avalanche and IceRunner decided to form a cartel. If the cartel were successful, what would be

1) the combined output,

2) the price,

3 and the combined profits

for the two companies in the snowmobile market? how you found this answer (10 points)


c. Say Avalanche and IceRunner had made an agreement to each produce half of the combined output the successful cartel would choose. IceRunner moves first and produces exactly that amount. Do you believe that a profit maximizing Avalanche will hold to the agreement? In the course of your analysis of this decision, show what would be the profit maximizing output choice that Avalanche would make given that Avalanche has seen the output that IceRunner has produced at that point. Make sure that you explain why you choose this output (5 points) Get Business Law homework help today

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
ASCI 491: Operational Application in Aeronautics
Good focus.
Customer 457731, April 3rd, 2022
The writer did a phenomenal job with the Research Report #1: Data Breach Incident Analysis & Report. All expectations were met and exceeded! Thank you for delivering an amazing product and a HUGE thank you to the customer service department for sending me an email to let me know the paper was checked to quality assurance team to ensure the paper was within standards of the instructions.
Customer 452455, February 3rd, 2023
As I expected.
Customer 460551, November 23rd, 2021
Good job
Customer 456821, May 13th, 2022
Military science
Some of the paper did not tie into the topic, and was used to fill space. Overall, happy with the end result.
Customer 462263, November 29th, 2021
Political science
Great Job Bless your heart and soul
Customer 453983, February 7th, 2020
Short and precise as I wanted. Thank you!
Customer 462359, October 14th, 2022
Good work.
Customer 462759, June 15th, 2022
Thanks so much!!!
Customer 454087, June 24th, 2020
Great effort.
Customer 456821, May 11th, 2022
English 101
I wish the writer would have picked a more natural topic. Although the work is good, it is obvious that the writer of the material is African American. The fact that I am not African American raises questions.
Customer 462899, April 26th, 2022
Commitment Statement for Canberra - Subclass 491 Offshore Visa
Thank you so much for all your help and support. Thank you writer for all your efforts and great work. Thank you all once again.
Customer 455757, January 29th, 2022
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat