Problem 4: Define what is monopoly and how does monopoly arise? Also explain the three types of barrier to Entry.

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A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts for you.…

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A: This figure shows a Country's Before and after trade equilibrium a) Under autarky, how many computer…

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A: 3. The accord was multilateral.

Q: 2. Suppose the total cost function of a firm that produces hotdogs is C = 150q- 4q+ 2q where q is…

A: Given that Total cost =  150q - 4q2 +2q3 MC = 150 - 8q + 6q2

Q: consumer surplus

A: First, find the equilibrium price and quantity. Qd = Qs10 - 0.3P = -2 + 0.9P10 + 2 = 0.9P + 0.3P12 =…

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Q: Suppose the total cost function of a firm that produces hotdogs is C= 150q - 4q + 2q where q is the…

A:

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A: Answer; Option (b) 500 is correct

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Q: eligible to receive interest on their deposits with the Fed.   C. There is not enough competition…

A: The correct answer is given in the second step.

Q: Suppose the total cost function of a firm that produces hotdogs is C = 150q - 4q + 2q' where q is…

A: As per the given information Total cost is : C = 150q -4q2 +2q3 Marginal cost : MC = 150 - 8q +6q2…

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