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Question 1: What are the key conditions that must be present for a firm to successfully price discriminate? What are two different examples of price discrimination being practiced today?
Question 2: What is a two-part tariff? Why do firms sometimes use them? What is an example of a firm that uses a two-part tariff as part of its pricing strategy?
Question 3: U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why, then, does the government erect barriers to entry and create monopoly power by granting firms patents?
Suppose the demand curve for a monopolist is Q=12-P and the marginal cost for the monopolist is MC=Q. What is the profit maximizing quantity and price for the monopoly - Calculate the profit of monopoly and deadweight loss
question 1.what do you understand by the terms inflation and unemployment? identify their main elements and causes.
Determine how you can improve skills in the four general topics that you selected. Point out the areas within each of the skills sets you have named in which you are strong and those in which you could improve.
Describe the economic foundation of the U.S. healthcare delivery system
1. The fast food industry is extremely competitive and in some cases close to perfect competition. Identify 2 fast food chains which you feel have almost identical products and pricing and identify the almost identical products that they both sell..
Describe how the U.S. economy grew between the Revolutionary War and World War I.
Define what is The pattern of behavior that occurs when consumers react to a change in price of the product by buying a substitute product that offers a better relative value.
Calculate the price relative for widgets for Company Y for 2011 with 2010 as the base year.
Making dresses is a labour-intensive process. Indeed, the production function of a dress-making firm is well described by the equation Q = L - L 2 /800, where Q denotes the number of dresses per week and L is the number of labour-hours per week.
Consider that this product is to receive no promotion other than what the retailer will give it, and the product will be offered at a competitive price. Assume the new diaper's name will not be associated
Assume that in a small open economy where full employment always prevails, national saving is 300. If domestic investment is given by I=400-20r, where r is the real interest rate in percent, what would the equilibrium interest rate be if the econo..
Acme make a decision to establish a sinking fund for its outstanding preferred stock issue. $975318642 represents the value of the issue that will be retired in 26 years
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