Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 235 Weeks Ago, 1 Day Ago |
Questions Answered: | 12843 |
Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Answer the questions in your own words and upload your answers in an MS Word Document.
1. Are McDonald's and Starbucks Monopolies? Why or why not?
2. Explain why MR<P for the monopolist, but MR=P for perfectly competitive firms.
3. Why are monopoly firms able to earn long-run economic profits while perfectly competitive firms cannot?
4. Under what market conditions would afirm find it easier to engage in price discrimination?
5. Video Question: What was the most important concept presented in this video? Using your own words explain why you feel this way.
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