Government antimonopoly strategy

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Q1. Suppose the demand for good X is given by Qdx=1200-Px/2+Py/4-8Pz+M/10. Research elucidate haws that the prices of related goods are given by Py=$5900 also Pz=$90, while the average income of individuals consuming this product is M=$55000.

Q2. In the United States more than 50 firms produce textiles, but only 3 produce automobiles. This statistic elucidates haws that government antimonopoly strategy has been applied more harshly to the textile industry than to the automobile business. Could you provide an alternative explanation for the difference in the number of firms in the 2 industries?

Reference no: EM1311874

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