Problem
1. Make a table to compare the major assumptions and ideas of the four models of oligopoly: Cournot, Stackelberg, Bertrand, and Sweezy.
2. A competitive firm sells its product for $50.00. If it has the following cost function, what would be its equilibrium output and how much profit can it make?
TC = 5000 + 10Q + 0.05Q2.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.