Discuss your understanding of the pricing policy of a Monopoly( one Paragraph).

Chp 12 Last Word

How do network effects help Facebook fend off smaller social-networking rivals? Could an online retailer doing half as much business compete on an equal footing with Amazon in terms of costs? Explain.

 

 

a.) Describe your understanding of Regulated Monopolies; Geographic Monopolies (one paragraph)

b.) What is the difference between price maker vs price taker (one paragraph)

c.) Discuss your understanding of the pricing policy of a Monopoly( one Paragraph)

d.)  Look at the Consider This Section regarding Price Discrimination at the Ballpark and comment on where else you may find examples of price discrimination. (Two paragraphs)

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