Characterize the long run equilibrium, Operation Management

1) characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry. b)Discuss the senses in which a perfectly-discriminating monopolist is efficient or inefficient

2) consider an oligopoly in which the inverse demand function p(∑xi ) = a-b∑xi,a,b > 0,and each firm's costs c(xi)- cxi, 0 < c < a. first, given n, determine the cournot-nash equilibrium outputs, profits, deviation of price from marginal cost, and deadweight loss. Then prove that all of these approach zero asymptotically as n tends towards infinity. Comment on the significance of these results.

Posted Date: 3/8/2013 5:21:46 AM | Location : United States







Related Discussions:- Characterize the long run equilibrium, Assignment Help, Ask Question on Characterize the long run equilibrium, Get Answer, Expert's Help, Characterize the long run equilibrium Discussions

Write discussion on Characterize the long run equilibrium
Your posts are moderated
Related Questions
States the numerical flexibility workforce? Numerical flexibility allows a firm to adjust quickly to changing levels of demand through increasing or decreasing the number of

In applying basic ethical principles where should you draw the line between a legitimate business courtesy and a bribe? ?PS: Can flow the book of Ethics and the conduct of business

What are some characteristics and provisions of the cost of living escalator clauses and wage reopener arrangements that are part of the unions' efforts to adjust to the lack of de

Having determined all ui and vj values calculate for each unoccupied cell ij = ui + vj - cij. The ij represent the opportunity costs of various cells. After obtaining the opportuni

You are the branch operations manager for a leading manufacturing company. The following are the bill of materials (BOM), Master Production Schedule, and Inventory Record Sheet for

Evaluate Netflix's current strategy and determine if the strategy is sustainable. Identify a Netflix strength may be leveraged in the market place to ensure a competitive advantage

Consider the Gleneagles Hotel in Scotland - it is unique, not part of a chain. It is a six star hotel with world class sports facilities with two championship golf courses, which h

Discuss how ethical organizations are created through ethical leadership and organizational structures and systems.

Learning Teaching and Assessment Strategy: Key lectures will be delivered and immediately followed up by group tutorials in which the opportunity to critically reflect, analys

• Explain why some states do and other states don't have a public-sector bargaining law or laws that cover some public employees but not others. • From the second e-Activity, co