ECON 2100 Midterm: ECON 2100 Kennesaw State Exam2 ECON2100 Summer2009 Section04
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He offers customers a 15% discount if they show him a valid student. This behavior by edward is an example of a monopolist erecting a substantial entry barrier. a player using a dominant strategy in a simultaneous move game. First degree price discrimination (or perfect price discrimination). In industry x : the largest firm produces 50% of total industry output, the second largest firm produces. 20% of total industry output, and the third largest firm produces 10% of total industry output. From this information alone we know that this market is a pure monopoly. the value of the four firm concentration ratio is exactly equal to 80. the value of the herfindahl-hirschman index must be negative. ___________________ refer(s) to input costs that require an outlay of money by the firm (i. e. , costs associated with paying an out-of-pocket expense to acquire/use a factor of production).
