3 1. Describe the bidding process by which the electricity generation sector provides electricity to pooling and balancing authorities. Additionally, show this process by building an electricity supply curve. a. What antitrust and regulation concerns are present at the wholesale stage of the electricity market? b. Describe a market design that reduces market manipulation in wholesale electricity markets. Show that the Nash equilibrium under this market design will result in generators bidding their true marginal cost of production. c. Describe a vertically integrated industry as it pertains to the electricity sector. d. Describe non-linear (two part) pricing as it pertains to retail electricity sales. What is the purpose of this pricing system?

Q: . for two firms that share a market if demand p=300-q where q is the total quantity sold and fixed…

A: Given Demand- p= 300-q Fixed Cost= 300 Marginal Cost= 20

Q: 4. Consider a bankruptcy game with two risk neutral players where V = $800,000, C1 = $300,000, and…

A: Given: V=$800,000 C1=$300,000 C2 = $800,000 Risk Neural players

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Q: 1. Return to our Cournot competition model with two firms. Suppose now that the products aren't…

A:

Q: Practice Problem 1: Two firms produce homogeneous goods with constant marginal costs c = 2. The…

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A: "Since you have asked multiple questions,we will solve first question for you.If you want specific…

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A: The process of merging or acquiring both are the ways of consolidating assets or companies.

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Q: Problem 07-16 (algo) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case…

A: Given; Agreement and plan of merger with case for $4.3 billion.Case's share of market= 20%Fiat's…

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A: Oligopoly is a market structure where there are few interdependent firms, selling differentiated or…

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A: Oligopolies frequently battle for market share by stealing it from one another. As a result, rather…

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A: Oligopoly Market: Oligopoly is a type of market that has few firms that dominate the market. In an…

Q: Describe Alternative Dispute Resolutions such as Negotiation, Mediation and Arbitration. Why are…

A: Dispute resolution: It is the procedure used for resolving disputes between parties.

Q: (11) Assume two firms with the same constant average and marginal cost, AC= MC = 5, facing the…

A: In stackleberg duopoly one firm acts as a leader which is followed by other firms so as to maximize…

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A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 5) Use a supply and demand diagram like in the slide titled "From monopoly to Cournot duopoly" to…

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A: Part a)

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Q: Suppose that a small town has seven burger shops whose respective shares of the local hamburger…

A: 4 firm concentration rate (C4) = share of top 4 largest firms HHI = ∑(Share of firm j)2

Q: 2. Which is a better market structure, Monopoly or Oligopoly? Why?

A: Meaning of Market: The term market refers to the situation under which the producers or the…

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A: The four firm concentration ratio is found by adding the market shares of the four largest firms.…

Q: Answer the second part

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

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A: Antitrust laws are created by the government for the protection of the consumer from predatory…

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A: Since the question you have posted consists of multiple parts, we will answer the first three…

Q: Suppose thata small town has seven burger shops whose respective shares of the local hamburger…

A: A small town has seven burger shops whose respective shares of local hamburger market are:- 26…