Discussion:
How do network effects help Facebook fend off smaller social-networking rivals? Could an online retailer doing half as much business compete on an equal footing with Amazon in terms of costs? Explain.
a.) Describe your understanding of Regulated Monopolies; Geographic Monopolies (one paragraph)
b.) What is the difference between price maker vs price taker (one paragraph)
c.) Discuss your understanding of the pricing policy of a Monopoly( one Paragraph)
d.) Look at the Consider This Section regarding Price Discrimination at the Ballpark and comment on where else you may find examples of price discrimination. (Two paragraphs)