1 Final Exam (VERSION 1): Econ 101 • Please write your name at the top of every page of this mideterm • Please write your name‚ TA’s name‚ and the time of your discussion section here Your Name: TA’s Name: Discussion Time: • The exam has one parts: Written Questions. • There should be 16 total pages (front and back). Quickly read through the exam before beginning. • There are 100 total points available. Point values are listed next to each problem part. Please allocate your time accordingly
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price of PS3 in July 2007 and even though it was still higher than the Xbox 360‚ Microsoft entered the Bertrand competition being a Baumol type player. The action-reaction sequence continued for 3 iterations and then both the companies switched to Cournot competition revealing their shipments and enticing new customers by releasing new and exciting games. Thus‚ once again the Bertrand competition ended when Nash equilibrium was reached at price
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Definition * Oligopolistic competition * Characteristics of Oligopoly * Similarities & Differences between Monopoly & Oligopoly * Effects of Oligopolistic Competition * Models Defining Oligopoly * Dominant Firm Model * Cournot – nash Model * Bertrand Model * Kinked Demand Curve * Game Theory * Price and Non – Price Competition * Price Leadership * Worldwide examples of Oligopoly * Australia * Canada * United Kingdom * United States
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Table of Contents 1 Introduction 2 2 Determining the Medium and Long Term Growth Rates 4 2.1 Growth in the Telephone Directory Industry 5 2.1.1 Competition 6 2.1.2 Demand for Telephone Lines 9 2.1.3 A Short Summary of the Growth Prospects in the Region 10 2.2 Estimation of the Growth Rates for Argentina 11 2.3 Estimation of the Growth Rates for Brazil 12 2.4 Estimation of the Growth Rates for Chile 13 3 Calculating the Cost of Capital 13 3.1 The Godfrey and Espinosa (1996) Model 14 3
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Economics of Imperfect Competition‚ so these two economists can be regarded as the parents of the modern study of imperfect competition. He is also considered one of the first theorists who applied the marginal revenue idea‚ which is implicit on Cournot´s monopoly theory in the late 1920´s and early 1930´s.[2] Chamberlin is thought to have conducted "not only the first market experiment‚ but also the first economic experiment of any kind‚" with experiments he used in the classroom to illustrate how
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CHAPTER 9 OLIGOPOLY AND FIRM ARCHITECTURE 1. The demand function for a product sold by an oligopolist is given below: QD = 370 – P The firm’s marginal cost function is given below: MC = 10 + 4Q Calculate the equilibrium price and quantity. Solution: P = 370 – Q so TR = 370Q – Q2 and MR = 370 – 2Q MR = 370 – 2Q = 10 + 4Q = MC so Q = 60 and P = 310 2. The demand function for a product sold by an oligopolist is given below: QD = 135 – 0.5P The firm’s marginal cost function is given
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later be extracted from an unauthorized copy to identify the source of the leak. Unfortunately‚ current watermarking schemes are vulnerable to a type of attack‚ called a collusion attack‚ launched by a group of users with different copies of the same content. Our research focuses on designing watermarking schemes that can resist collusion attacks. One branch of our work aims to construct code based on abstract assumptions about the embedding layer.1 Another is embedding-focused and does not explore code
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include in your paper include the following. Monopoly Market Structure Oligopoly Market Structure Barriers to Entry Into the Market Natural Monopoly Government Monopoly Downward Sloping Demand Curve Economies of Scale Price Fixing Collusion Monopoly Pricing Price Maker Market Power Economic Profits Imperfect Competition Rent-Seeking Behavior X-Inefficiency Deadweight Loss to Society Given your research and findings‚ are monopolies and oligopolies (firms demonstrating
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The concern presented by government and police is that the cell phone industry is not doing enough to prevent these crimes on society. The two largest issues relating to the course are possible actions resulting in tort law and actions implying collusion on behalf of cell phone carriers. As we have learned through our lectures a company has the duty of due care to its consumers. If in fact the cell phone carriers denied the use of kill switches on their devices they may have failed this duty. Since
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misconduct’ and ‘substantial misconduct’. Lesser misconduct includes‚ although not limited to‚ plagiarism and collusion. Plagiarism can occur when a student has used words or sentences from someone else’s work without giving appropriate referencing. A student may also be penalised for plagiarism if they resubmit their own work from a previous assessment which they already submitted. Collusion is when two or more students or any other person act together to cheat‚ plagiarise or engage in academic misconduct
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