1. Explain the effects of low price-guarantee on the price.

by | Mar 29, 2024 | Economics

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  • Explain the effects of low price-guarantee on the price. (2 Marks)
  • What do you understand by discriminatory monopoly? Bring out the conditions that enables the monopoly firm to charge different prices for its product in different markets. (2 Marks)
  • The figure below shows the demand and cost curves for a monopolist. Assume there are no fixed costs in the market and an unlimited number of units of the product can be produced at a marginal cost of $10 per unit. As a result average total cost and marginal cost are the same.

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