#4 assignment ; Total 10 point if you complete all five questions. Q1 ,2,3 , 4 , 5 have each 2 points.
Your answer to the homework has to be more than five(5) sentences for each question based on researched facts and logical analysis to earn the full credit.
Q 1) What is the price leadership model of Oligopoly pricing and what are its tactics?(2 points)
Q 2)” In monopolistically competitive markets, neither allocative nor productive efficiency is realized” explain.(2 points)
Q 3) Do you agree that companies under monopolistic competition can have a profit in the long run?
If yes, why? if no, why not? (2 points)
Q 4) Contrast and discuss the individual demand curve and marginal revenue curve among perfect competition, monopolistic competition and Monopoly. ( 2 points)
Q 5) “in Kinked Demand curve theory” , if a company increases its price, how do its competitors react to it? If a company cut its price, how do its competitors react to it? Can you explain the shape of Kinked Demand curve? (2 points)
Your answer to the homework has to be more than five(5) sentences for each question based on researched facts and logical analysis to earn the full credit.
Q 1) What is the price leadership model of Oligopoly pricing and what are its tactics?(2 points)
Q 2)” In monopolistically competitive markets, neither allocative nor productive efficiency is realized” explain.(2 points)
Q 3) Do you agree that companies under monopolistic competition can have a profit in the long run?
If yes, why? if no, why not? (2 points)
Q 4) Contrast and discuss the individual demand curve and marginal revenue curve among perfect competition, monopolistic competition and Monopoly. ( 2 points)
Q 5) “in Kinked Demand curve theory” , if a company increases its price, how do its competitors react to it? If a company cut its price, how do its competitors react to it? Can you explain the shape of Kinked Demand curve? (2 points)
