In economic jargon, the situation we are describing is closer to price discrimination. A monopolist capable of discriminating may extract even more consumer surplus, and thus further increase his profits, with respect to simple, uniform monopoly pricing. In our examples, the discrimination is performe...
Explain briefly the economic rationale as to why it makes sense to have a monopoly. Why is oligopoly considered a reason for trade? Why do companies dislike pure competition? Explain. Give two reasons why the MR curve of a pure monopoly is downward sloping. Why are private markets with negat...
Sentimental pile– my wife Maša and I each have a box dedicated to special items that mean a lot to us. Note: It’s worth reviewing your sentimental box annually. You’d be surprised how much it can shrink over the years as you create new experiences—more on this below. Recycling p...
Explain why it might be desirable to have a regressive tax structure, even if the social welfare function is utilitarian when general equilibrium effects of taxes are taken into account. Would it ever Give 2 reasons why Marginal Revenue of a pure monopoly is downward sloping?
The purpose of this chapter is to examine to what extent current theoretic market microstructure research provides answers to the questions raised in the previous chapter. The research area known as market microstructure theory has experienced strong growth over the last three decades. Theoretical, empi...
Monopoly: the Movie? Pop culture has become a series of lukewarm adverts – and it’s all so very dull 20 Apr 2024 13:04 To get a handle on the unique Hopelessness of pre-Climate Crisis culture, there is no better documentary than Ken Clarke’s Personal View of Civilisation, repeating ...
When Napoleon overran Portugal in 1810, a Vermonter carried off a herd of merino sheep, prized for their soft, premium-priced wool, which until then had been a monopoly of the Portuguese aristocracy. The 30-year wool craze that followed has been called “a mania as powerful as any ...
It’s not particularly different than it has been for a few months, but the reduced nature of information Diamond now offers is finally sinking in with me… In another case of “be careful what you wish for”, many people used to lament about Diamond’s monopoly on comics distribution. No...
Describe the transition from short-run to long-run equilibrium in a monopolistically competitive industry. Provide an example of an industry that is either a monopoly or is monopolistically competitive, and provide reasons as to ...
The sub-dials bear the Monopoly seal and Uncle Pennybags lume and both light up under UV light, much like the anti-counterfeiting measures of modern banknotes. Syringe hands and pips behind the applied markers share the same glow. A crown calf leather strap tops it off. At 50mm lug to ...