IT KING

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About IT KING

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Computer Science,Engineering See all
Computer Science,Engineering,Environmental science,Essay writing,Information Systems,Programming Hide all
Teaching Since: Apr 2017
Last Sign in: 453 Weeks Ago, 3 Days Ago
Questions Answered: 402
Tutorials Posted: 401

Education

  • MSC,MBA(IT)
    Standford
    Jun-1997 - Sep-2000

Experience

  • IT Manager
    Honeywell
    Aug-2001 - Present

Category > Applied Sciences Posted 07 May 2017 My Price 6.00

Consider a monopoly

Consider a monopoly producer of a durable good, such as a supercomputer. The good does not depreciate. Once consumers purchase the good from the monopolist, they are free to sell it in the “secondhand” market. Often in markets for new durable goods, one sees the following pricing pattern: The seller starts off charging a high price but then lowers the price over time. Explain why, with a durable good, the monopolist might prefer to commit to keep its selling price constant over time. Can you think of a way that the monopolist might be able to make a credible commitment to do this?

 

Answers

IT KING
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Status NEW Posted 07 May 2017 12:05 PM My Price 6.00

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