TC Monopolistic Competitive Markets Questions

Description

Answer question numbers 1 and 2 from chapter 9, question number 5 from chapter 10 and question number 4 from chapter 11.

Chapter 9
1. Compare and differentiate the 4 basic characteristics of monopolistic competitive markets and oligopoly markets (Refer to Table 9.1)
2. Provide your own real examples of monopolistic competitive and oligopoly markets, and explain how these firms are price makers.

Chapter 10
5. Illustrate the 3 degrees of price discrimination with your own real examples.
Chapter 11
4. Do you think the Prisoner’s Dilemma game is relevant for managerial decisions?

Answer question number 2 from chapter 14, question numbers 3 and 6 from chapter 5 and question number 1 from chapter 4A. Submit your answer in a Word document (seperate from the one above)

Chapter 14
2. Briefly explain the main purpose of the following antitrust laws: Sherman Act, Clayton Act, Federal Trade Commission Act, Robinson-Patman Act, Celler-Kefauver Act and Hart-Scott-Rodino Act.

Chapter 5
3. What is the difference between a simple regression equation and a multiple regression equation?
6. For what are the t-test and F-test used for?

Chapter 4A
1. Explain Price Floor and Price Ceiling with examples.

https://drive.google.com/file/d/1UTyL3u1-IW3UVFJm9…

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