Calculate output-price and profit under monopoly conditions

Assignment Help Econometrics

Reference no: EM13219991

A local business in a small college town has a major portion of their business to college bookstore. On the side they also provide services to other local businesses. The local demand is Q=200-5P. The average and marginal cost is $8. a. Calculate output, price, and profit under the monopoly consditions they enjoy b. To test other markets, they contemplate opening a retail outlets in several college towns where there will be other competitors. CAlculate price and output under this condition if it is perfectly competitive

Reference no: EM13219991

Questions Cloud

Explain the differences between server-side and client : Explain the differences between server-side and client - side scripting languages. Please provide at least 3 advantages and disadvantages of each. Please cite your sources if needed.

Describe growth objectives for organization : Discuss the company's corporate strategy and explain what business the organization is in or wants and describe your growth objectives for this organization.

How oil price shock of 1980 sent gasoline prices higher : The oil price shock of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result that coal companies earned pure economic profits. Since coal is a homogeneous good and the market is competitive.

Discuss how emergency preparedness reduces risk : Discuss how emergency preparedness reduces risk. What best practices would you recommend related to emergency preparedness and response in corrections and Do you believe that the management of crisis or emergency situations should be regulated by ..

Calculate output-price and profit under monopoly conditions : A local business in a small college town has a major portion of their business to college bookstore. On the side they also provide services to other local businesses. The local demand is Q=200-5P. The average and marginal cost is $8.

What is the density of the solution : Express the concentration of a 0.0760 M aqueous solution of fluroide, F-, in mass percentage and in parts per billion

What about firm would mitigate the concerns : Considering the intense work place at BuyCostumes.com during the two months before Halloween and the culture of "urgency," what would be the largest concern for mental and emotional health?

What is the range of addresses in the classes : What is the range of addresses in the classes of internet addresses?

Compute the standard enthalpy of formation of ethane : The molar heat capacity of ethane is represented in the temperature range 298 k to 400 k by the empirical expression C(p,m)/(J K-1 Mol-1) = 14.73 + 0.1272 (T/K). Calculate the standard enthalpy of formation of ethane at 350 K from its value at 298..

User Account

All Pages