If an alternative policy could encourage both O invention and competition; invention and monopoly O invention and monopoly; invention and public funding O invention and monopoly; invention and competition O invention and competition; invention and public funding instead of consumers would benefit.
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- Write down a model of positive production externality with two firms, in which theproduction activities of one firm directly affects the production/cost of the other firm.State and explain the key assumptions of the model. Using the model, answer thefollowing questions:(a) Explain why the presence of a positive production externality could prevent therealisation of an efficient outcome.(b) Name a possible cure for the positive production externality and explain how itcould solve the inefficiency problem.Prior to 1995, Thad only one beer producer a government-owned monopoly called Tawan Bear Suppose that while it was a monopoly. The company was un in a way to maximize peolt for the government. That is assume that it behaved like a private, pro maximizing monopolist Assuming demand and cost conditions are given on the following diagram, at what we would Taiwan Bear have targeted output and what price would it have charged Now suppose that while it was a monopoly Tewan Beer decided to compete in the highly competitive American market Assume further than maintained import barriers so that American producers could not sat in Taiwan but that they were not immediately reciprocated Assung Tan Beer could set all that it could produce in the American market at a price P Pund the wing given Q nalou oldi Tang The new price in Taiwan after the The output sold in the US is given by 0-0, Ta progiven by the re A P OF P OP by O market openss Price ($) P₂ MR Quantity MC AC PU.S. DrinQuestion 1 Figure Proft Maximization Decision of a Monopolist in the figure, the cost per unit for this monopoly firm is: A $15. B) $10. C) $11. D $6.
- MindTa x Login × Login X Bb Salt W X m statican bruisevos index.hamladeploymentid=59400022675212682010495789084&elSBN=9781887912426&id=1639810498&snapshot d=32 CENGAGE MINDTAP Homework: Between Competition and Monopoly PRICE (Dollars per bike) 500 350 300 150 中興路 250 A G বন্ধ Content X MC 0 100 AC MR 150 Demand 250 300 350 QUANTITY (Bikes) 400 450 500 Cenga X Cenga X M Inbox 12 % Monopolistically Competitive Outcome 分会 Profit or Loss Given the profit-maximizing choice of output and price, the shop is earning positive profit, which means there are an equal number of shops in the industry than in long-run equilibrium. Now consider the long run in which bike manufacturers are free to enter and exit the market. Show the possible effect of free entry and exit by shifting the demand curve for a typical individual producer of bikes on the following graph. + Q Sea“A direct inducement that offers an extra value or incentive for the product to thesales force, distributors, or the ultimate consumer with the primary objective of creatingan immediate sale. As an intellectual and dynamic marketer of Singer BangladeshLimited, explain with appropriate examples, what promotional tools you will throw topromote your Television in the rural areas of Bangladesh and how?If Congress reduced the period of patent protection from 20 years to 10 years, what would likely happen to the amount of private research and development?
- If public utilities are a natural monopoly, what would be the danger in deregulating them?$6.00 $4.50 МС АТC $3.50 $3.00 $2.50 $2.00 $1.00 MR 10 20 30 40 50 60 70 80 90 Quantity If the government regulates the monopolist to produce the allocatively efficient quantity and provides a subsidy sufficient to maintain zero econornic profits for the firm, what price would the government set and what level of output would the firm produce? $1.00 and 50 в $2.00 and 80 $3.00 and 50 D $3.50 and 50 E $4.50 and 30 P Type here to search 21/04 8 Price, Cost0.90 O85 ATC 0.80 0.75 0.70 0.65 0.80 0.55 050 0.45 MR 0.40 50 100 150 200 250 300 350 400 What will be the profit for a monopolist? O a. $10 Oh$20 OC S15 O d. $30
- Only typed answerQ52Problem 3 uppose an airline has monopoly over a certain route. The estimated price elasticity of demand for business travelers is E-12, while the price elasticity of demand for leisure travelers is Ey-24. The airline wants to set the prices separately for business and vacation travelers. Economy Firat Class Only i the marginal cost of transporting each passenger is the same, und the airline is able to separate the two groups perfoctly, what is the optimal surcharge (in ) on business travelers? Oor example. fleiture travelers pay 100, and business ravelers pay 200, then the surcharge is 100%) Anvwer b) Suppose that in order to separste business travelen, the airline must offer them slightly better conditions on board (for enample, serve them a meal). As a resul, the marginal cost of flying a basiness traveler is 30% higher than for a leivare traveler. What is the optimal surcharge (in ) on business fravelers in this case? Awwer Now suppose the airline introdaces a Basi Economy fare,…
