Q1. Why is there a gap among the high-ranking also low-ranking states?
Q2. Suppose the marketplace demand for the latest electronic reading device is estimated to be P=60-2Q also calculate company is the sole supplier of deceives also does not practice price discrimination. The company's marginal cost is 2Q.
a Illustrate the marketplace demand, marginal revenue also the company's marginal cost curve on a diagram. Comprise the values of the intercepts of every axis for every curve.
b Elucidate how on your diagram also calculate the profit maximizing output also price.
c Calculate the consumer surplus at the profit maximizing price also quantity.
d Elucidate company increase profit by practicing a form of price discrimination? Elucidate.
e Elucidate how may the company protect its monopoly power?