3 votes

How price is determined in the following monopoly model question?

So far so good for part (a). The basic idea for part (b), is that if the parking lot goes first to set the price first, the store is going to have to allow the costumers to get at least enough ...
Whis's user avatar
  • 31
1 vote
Accepted

Supply curve of what?

Is there a supply curve for each product? Yes. If so, it is strange that the supply curve is monotonically increasing. I would expect higher prices to be sold in smaller quantities and lower prices ...
Giskard's user avatar
  • 29.2k

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