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Let say the inverse demand curve for K-pop music is characterized by: P = 1- 1/100Q. Where Q is the number of MP3's sold (in thousands) and P is the price per song. Additionally all firms have a constant marginal cost of: MC = 0.10
(a) If the industry was perfectly competitive, what is the market equilibrium price and quantity?
(b) Draw the perfectly competitive industry (i.e. draw the inverse demand curve, MC and label the equilibrium price and quantity). Graphically and mathematically tell me what consumer and producer surplus would be
(c) Suppose that SM entertainment monopolizes the K-Pop industry, tell me what price and quantity this monopolist will charge
(d) On the same graph done in (b), depict the MR curve/ and the answer from (c). Now tell me graphically and mathematically what consumer and producer surplus would be under the monopoly structure
(e) Compare your answer in (d) and (b). How big is the deadweight loss of the monopoly?
Your company is engaged in confidential negotiations with another company. In what wayscould rivals use sniffing to get this commercially sensitive data? For each way say what youcould do to minimise the risk.
Topic: Survey Paper. Question: Presentation topic - Who are the pioneers of Computer Science? How did they advance the field
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assume that your system already knows the IP address and Ethernet address of the web server www1.anyorg.com (so you do not have to do a DNS lookup or ARP request). Fill in the missing information that would be contained in the Ethernet frame as it..
Hardware consists of a series of instructions that tells the computer what action to perform and how perform it?
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Produce all anagrams of the word food. That is, all four-letter combinations of the letters f, o, o, and d. Generalize this program to take a word as input and produce anagrams of that word.
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