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explain how google has the characteristics of a monoply market structure
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- Explain why a large firm like General Mills might use nationalaccount selling to strengthen its relationship with a majorsupermarket chainI am intrigued by the following article detailing how Nestle agreed to pay Starbucks $7.2B to distribute and sell Starbucks’ packaged coffees and teas around the world. Why would Nestle purposely put its competitors’ brands right next to it in the store, and then pay them for the privilege? Why wouldn’t Starbucks just take care of distributing its own brands rather than go through Nestle? Please explain how this outcome could be profit maximizing for both firmsTwo ready-to-eat breakfast cereal manufacturers, Lots of Sugar and Buckets of Goo, face combined demand for their products given by Q = 75 - P. Their total costs are given by TCLots of Sugar = 0.1Q2Lots of Sugar and TCBuckets of Goo = 5QBuckets of Goo. If they successfully collude, their total profits will be: a. $62.50 b. $1,250.00 c. $125.00 d. $287.50 e. $1,287.50
- The table below shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural monopoly firm. Calculate the price that corresponds to the profit-maximizing quantity of goods. Round your answer to two decimal places if necessary. Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost 11 $105.00$105.00 $105.00$105.00 $100.00$100.00 22 $189.00$189.00 $84.00$84.00 $162.00$162.00 $62.00$62.00 33 $247.50$247.50 $58.50$58.50 $220.50$220.50 $58.50$58.50 44 $282.00$282.00 $34.50$34.50 $265.00$265.00 $44.50$44.50 55 $300.50$300.50 $18.50$18.50 $305.00$305.00 $40.00$40.00 66 $300.00$300.00 −$0.50−$0.50 $339.00$339.00 $34.00$34.00Explain in detail the characteristics of pure monopoly market model? AsapSuppose that Jana's Financial Consulting Company is a perfectly price discriminating monopolist with the following cost and revenue information: 0 1 2 Quantity Total Cost Marginal Cost Price Total Revenue Marginal Revenue $100 $170 $140 $160 $184 $150 $230 $140 $280 $130 $335 $120 $395 $110 $475 $100 $575 $95 min 00 6 7
- Why has the Federation of Quebec Maple Syrup Producers been a successful cartel in Quebec, Canada? Has the relatively weak government structure of Quebec allowed for this organizations success?Under Bertrand Oligopoly, answer why government regulators would want to try to induce Bertrand competition.true or false Natural monopolies are regulated by government agencies.
- After reading the section titled “Dominant Microprocessor Company Intel Adapts to Next Trend” (Chapter 11 pg. 384-385) and the article titled “2018-2019 Intel Corporate Responsibility Report: Creating Value through Transparency,” complete a researched list of (4-5) reasons how Intel becomes and maintains itself as a dominate firm (monopoly). List (3) reasons why Apple would depart from a dominant corporation like Intel. You must include an introduction that explains the course theory regarding monopolies - dominant firms. Although this assignment allows you to create a list, you must follow the APA style of writing and include research to support your list and place this information in your reference section.Determine whether the statements is true, false, or uncertain. If the statement is false or uncertain, please correct the statement to make it true. If the statement is true, please explain your answer briefly. Include a short definition of any CAPITALIZED term. 1. In a long-run equilibrium, both perfectly competitive markets and MONOPOLISTIC COMPETITIVE MARKETS have price equal to average total cost. (Define monopolistic competition)With an estimated market share of 37%, Atlas is the dominant company and the price leader in an oligopolistic steel industry. The remaining market share is distributed equally between seven companies. Suppose that one of those ten companies, Norton, attempts to gain market share by undercutting the price set by Atlas. Calculate the “Four Firm Ratio” and Herfindahl-Hirschman Index “HHI” in the above-described market and interpret your answer. What model can best resemble this market? Briefly explain this model. In your opinion, what will be the effect of Norton’s attempt described above on Atlas’s market share: will it increase, decrease, or not affected at all? Justify your answer.
