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Think of two examples of pure monopoly in the real world-one of a public good and one of a private good. Then, with reference to both examples, post a response to the following:
1. Can both monopolies continue endlessly? Why or why not for each example?
2. What factors could cause the monopolies to end?
3. Is there a difference between the public monopoly and a private monopoly?
The cost of transporting goods and the price of obtaining information has decreased substantially over the past 100 years.
Estimate the demand function
Explain the output and price effects which affect the profit-maximizing decision faced by the firm in oligopoly market. How does this differ from output and price effects in monopoly market?
The marginal revenue is $3.00. What is the short-run and long-run condition for the monopolist and what output changes would you recommend?
The technology of a company making high end, solid gold bracelets in Soho (NYC) is explained through the production function;
Describe (include an explanation of economic profit in your explanation). Will price be higher or lower under such the agreement in long-run equilibrium than would be the case if firms didn't collude? Discuss.
Discuss and explain the interest parity idea using formal methods Describe IS and LM curve behavior and nominal interest rate in the domestic economy,
Does it appear that widgets would be a luxury good or necessity IF they sol at the perfectly competitive equilibrium (which they don't), and why?
Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.
Find the first order conditions and find the asset demand function for a when utility takes the log form, as in 1B above.
Using a separate supply and demand diagram for each part, illustrate the effect of value of the yen in terms of dollars of each of the following;
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
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