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Category > Economics Posted 22 Jun 2017 My Price 5.00

Perfect Competition model

Review the Perfect Competition model. If a firm is making economic profits in the short run, describe what we expect to happen in the long run.

Describe the elements of game theory and explain its importance for the analysis of firm behavior in an oligopoly,, for example the "prisoner's dilemma" .

Price discrimination can sometimes be harmful to public interest, but at other times it can be valuable. Some companies would not be able to endure without price discrimination. Discuss why this is true and when it may not be beneficial. Does this create reduction in prices? Why or why not?

 

These are the youtube links that goes with the question

 http://www.youtube.com/watch?v=I_n5ciFMBZc

 http://www.youtube.com/watch?v=qlEBGYD7LUo

Answers

(15)
Status NEW Posted 22 Jun 2017 04:06 AM My Price 5.00

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