Find the monopsony first mover competitive fringe buyer, Microeconomics

Draw the suitable graph for each situation and describe a real world situation in health care in which the market structure utilized in the question may exist.

Demand: P=6,000-0.1Q

Large Firm: TC=10,000+ 4q+q2   , MC=4+2q

Small firm: TC=300+10q+ q2 , MC=10+4q

1. Find monopsony P, Q, qi, CS, PS, Profit for the ith firm and DWL if there are 132 identical firms (use the small firm costs.)

2. Find the monopsony first mover competitive fringe buyer (there are 120 fringe buyers and 132 small sellers) solution using the following cost and demand condition.

Demand large buy buyer: P=5000-2Q

Demand small buyer: P=5000-50q

Small firm: TC=300+10q2 , MC=10+4q

Posted Date: 3/9/2013 12:09:31 AM | Location : United States







Related Discussions:- Find the monopsony first mover competitive fringe buyer, Assignment Help, Ask Question on Find the monopsony first mover competitive fringe buyer, Get Answer, Expert's Help, Find the monopsony first mover competitive fringe buyer Discussions

Write discussion on Find the monopsony first mover competitive fringe buyer
Your posts are moderated
Related Questions
what are the uses of cross elasticity quantity in demand/

Managerial Economies: These are many managerial economies associated with large-scale production. A large firm is in the position to employ more highly qualified and speciali


CHARACTERISTICS OF ECONOMIC INFRASTRUCTURE: Natural monopoly is the situation where the provision of a good or a service has economies of scale, which are realised most when a

A tax imposed on a market with an inelastic demand and an elastic supply will cause

Inflation-Unemployment Trade-off under Rational Expectations : Robert Lucas (1972) pointed out another implication of the above hypothesis of adaptive expectations. Suppose in



What is a Market? Markets A geographically stated area where buyers and sellers interact or communicate to decide the price of a product or a series of products. Marke

illustration for demand of big macs using indifference curve and budget line