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- (b)** Suppose marginal cost of dominant firm is MC＜sub＞d＜/sub＞=5,000. Find
* market price P= _______
* the output of dominant firm Q＜sub＞d＜/sub＞= _______
* and the output of fringe firms Q＜sub＞f＜/sub＞= _______
- Question 4**
This is about a dominated oligopolistic market. Consider a dominant firm D with large market share and three fringe firms F with small market share. Dominant firm D is the price setter and three fringe firms F are price followers in the market. Market demand is Q(P)=10,000-P and the supply of three fringe firms is Q(P)=P-6,000.
**(a)** Find the demand of dominant firm Q＜sub＞d＜/sub＞= _______
- (c)** Suppose that firm 1 is a quantity setter and firm 2 is a quantity follower (Stackelberg competition). Calculate
* firm 1's output q＜sub＞1＜/sub＞= _______
* and profit π＜sub＞1＜/sub＞= _______
- Questions 33-35
In 1974, farmers digging a well near Xi’an in China made a surprising discovery. They found
thousands of clay statues buried underground. These statues are part of the Terracotta Army, which was
created to protect Emperor Qin Shi Huang in the afterlife. The figures, including soldiers, horses, and
chariots, date back to around 210 BCE and are all unique, showing the skill and detail of ancient Chinese
craftsmen. The discovery was a major event in archaeology because it revealed a vast burial complex that
had been hidden for over two thousand years. The Terracotta Army has provided historians with valuable
understandings into ancient Chinese military organization and artistry. Today, the site is one of the most
important and well-known archaeological finds, attracting visitors from around the world and helping us
understand more about China’s ancient past.
【題組】35. Which of the following is true about Terracotta Army?
(A) It was first found on the land surface.
(B) It was created by nature processes.
(C) It was made for artistic purposes.
(D) It was made to serve Emperor Qin Shi Huang. - 【題組】34. Which is true about the discovery of Terracotta Army?
(A) It happened accidentally.
(B) It was discovered by historians.
(C) It was discovered by Emperor Qin Shi Huang.
(D) It only consists of human figures.
- 【題組】33. What is this article mainly about?
(A) The largest historical remains found worldwide
(B) A Chinese historical site and its artifacts
(C) The history of Emperor Qin Shi Huang’s rule
(D) The structure of ancient Chinese military forces
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