21. Recall the market is composed of 50% responsible firms run by LSU graduates ($50/share fundamentals), 40% medium quality firms run by Grambling State graduates ($40/share fundamentals), and 10% untrustworthy sleazeball firms run by greased-out weasels (the animal, not the human-therefore their stock is worth $0/share, fundamentally). How much of the market would LSU grads have to take over for your willingness-to-pay to catch up to their firms' stock prices? 100%

21. Recall the market is composed of 50% responsible firms run by LSU graduates ($50/share fundamentals), 40% medium quality firms run by Grambling State graduates ($40/share fundamentals), and 10% untrustworthy sleazeball firms run by greased-out weasels (the animal, not the human-therefore their stock is worth $0/share, fundamentally). How much of the market would LSU grads have to take over for your willingness-to-pay to catch up to their firms' stock prices? 100%

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Oligopoly

Section: Chapter Questions

Problem 9PA

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