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Suppose the domestic demand for honey is Qd = 1600 - 2P (where quantity is measured in tons) and the domestic supply is Qs = -500 + P and there are many buyers and sellers such that the market is perfectly competitive.
a. If honey producers form a cooperative and form a monopoly, find the monopoly equilibrium price and quantity. Compare the competitive equilibrium to the monopoly equilibrium in terms of price quantity and welfare. What is the social loss due to monopoly?
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After taking the assessment, provide a detailed explanation of what you learned about yourself (if anything) and your personal ethics. Read above article, and debate whether it is ethical to shop at Wal Mart.
how technology complexity affects organizational structureexpalin and describe how technology complexity affects
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