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A monopolist has a cost function C = 3Q^2 and faces the inverse demand curve P = 1200 - Q
a.) What is the profit maximization price and output?
b.) Sketch the firm's price and output decision. Calculate the deadweight loss.
c.) What iss the firm's total profit?
d.) What is rent seeking? How much, potentially, might this monopolist spend on rent seeking activities? Assume that they will earn the same profit you calculated in part c forever, and that the interest rate is 5%.
Consider the effects of a new matter transmitter,an indivisible input that is economical for trading firms in the city, but not for an individual household. The volume of trade in the region will [increase; decrease; not change]
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Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees?
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Since a monopoly is the only source of supply, customers are entirely at its mercy. There is no limit to the price the monopoly can charge.
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Consider that there is now a website that helps professors check for plagiarism by comparing student papers with millions of online pages using the top 20 search engines. The system even identifies papers composed of bits and pieces of online text.
Online research seems to be the best. They all have pros and cons of some sort. I would use online research to reach a certain demographic and have links from sites that my target market would visit. The benefits would be to gain information us..
The Fed sells bonds in the open market during a period of low unemployment and no excess industrial capacity. The economy is far below capacity and the government lowers taxes
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