Q P TR MR AC VC FC TC 12 0 20 5 20 3 12 20 4567 18 20 28 20 36 20 44 20 8 48 20 9 50 20 10 52 20

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter19: Economic Growth In Developing Nations
Section: Chapter Questions
Problem 19AA
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Question

Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The

market share of each company is provided in parentheses.

Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the

companies.

i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams?

2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns question 2.

The help is appreciated.

Q
P
TR
MR
AC
VC
FC
TC
12
0
20
5
20
3
12
20
4567
18
20
28
20
36
20
44
20
8
48
20
9
50
20
10
52
20
Transcribed Image Text:Q P TR MR AC VC FC TC 12 0 20 5 20 3 12 20 4567 18 20 28 20 36 20 44 20 8 48 20 9 50 20 10 52 20
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