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Question: 1-a) What is meant by Market segmentation?
1-b) What are the six main causes of market segmentations?
1-c) What are the main disadvantages for a firm to be located in a segmented market?
Microeconomics, Economics
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A market is supplied competitively by 50 low- cost firms, each with cost curve C(q) = 350 + 2q+ q^2, and n high-cost firms, each with cost curve C(q) = 400 + 2q +q^2. Market demand is Q = 2500 - 10*p. If none of the high ...
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A market with Q = 16*p^-2 is supplied by a monopoly with cost C(Q) = 6 + Q^2/8. Calculate the equilibrium price, output and monopoly profits. What should be the equilibrium if the market were supplied competitively by fi ...
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