Ask Question, Ask an Expert


Ask Business Economics Expert

Price discrimination strategy also cartel behaviour of coal industry

1. A television newscaster said, "Janet Jones is $20 million richer today. She just won the Florida lottery, which will pay her $1 million per yr for every of the next twenty yrs." Is she really $20 million richer?

2. Some time ago, most of the major airlines issued student travel cards at a nominal price. These cards permitted college students to fly "space available" (which is, no reservations allowed) at substantial discounts. Whenever this practice was in effect, some older non students were using the cards also some students were insuring themselves available space by reserving seats for fictitious passengers who then do not describe how up for the flight.

(a) Did the discount represent price discrimination?

(b) Did the conditions necessary for successful price discrimination exist?

3. Suppose which the soft coal industry is a competitive industry also it is in long run equilibrium. Now suppose which the industries in the industry form a cartel.

(a) Illustrate what will happen to the equilibrium output also price of coal also elucidate why?

(b) After the cartel is operating, are there incentives for the individual industries to cheat? Elucidate why?

(c) Does the possibility of entry by all the industries make a difference in the behaviour of the cartel?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916344

Have any Question? 

Related Questions in Business Economics

Discussion questionrespond to discussion questions with

Discussion Question Respond to Discussion Questions with 150-200 words. In your efforts to provide the answers, I would like to encourage you to also use personal experiences in your responses. Also, cite information fro ...

Which one of the following statements concerning the

Which one of the following statements concerning the national defense authorization act is true? a. it is a resolution, not a law b. it provides budget authority for all program element numbers c. it establishes spending ...

Identify a true statement about ethics and code of conduct

Identify a true statement about ethics and code of conduct. Select one: a. Among the several ethical issues of today, time theft costs can be easy to measure. b. One of the principal causes of unethical behavior in organ ...

Stan moneymaker needs 13 gallons of gasoline to top off his

Stan Moneymaker needs 13 gallons of gasoline to top off his? automobile's gas tank. If he drives an extra eight miles? (round trip) to a gas station on the outskirts of? town, Stan can save ?$0.06 per gallon on the price ...

In 2004 congressman dennis kucinich proposed the free

In 2004, Congressman Dennis Kucinich proposed the Free Market Drug Act. This legislation would have removed patent protection on drugs developed with public funds and given control over pharmaceutical R&D to the National ...

Connect andrew carneiges wealth and its issues and mother

Connect Andrew Carneige's Wealth and it's Issues and Mother Jones' March of the Mill Children to a larger theme or idea. How do these two documents relate to each other? Wealth and it's Issues talks about how Carneige be ...

What monetary police would you recommend to the open market

What monetary police would you recommend to the open market committee to deal with prolonged unemployment of the 8% over a two-year period with inflation rate of 3.5% and why? Construct a model of the Fed`s game plan inc ...

The patient protection and affordable care act limits the

The Patient Protection and Affordable Care Act limits the extent to which insurers may consider age in establishing rates. The results are higher premiums for the younger insured and lower premiums for the older insured. ...

What is the future value of 1000 payable five years from

What is the future value of $1,000 payable five years from now, and the effective interest rate, i_eff, at a nominal interest rate of 12% per year compounded a) annually b) quarterly c) monthly d) daily e) continuously? ...

Mary has just stated that normally as price rises supply

Mary has just stated that normally, as price rises, supply will increase. Her teacher grimaces. Why? As price rises, supply will decrease. As price rises, quantity demanded, not supplied, will increase. As price rises, d ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate