Elucidate which market structures are cost makers
Market structures are price makers and price takers.
Elucidate which market structures are cost makers also price takers. Illustrate what is the difference in the demand curves and why.
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Illustrate what is the following for the demand curve also taking into account the values of the variable.
The Melville Company manufacture a single product called a Pong. Melville has the capacity to produce 60,000 Pongs each year. If Melville produces at capacity, per unit value to produce and sell one Pong are as follows:
Formulate the linear programming model for this problem. Find out the optimal assignment and calculate total minimum cost.
As per the four principal market structure models, monopoly and oligopoly provide the best opportunities for a company to earn economic profits in the long run.
Suppose Melville anticipates selling only 50,000 units of Pong to regular customers next year. At what selling value for the 6,000 special order units
Discuss pricing policies in monopolistic competition, oligopoly, and monopoly market models.
Discuss nonpricing policies in monopolistic competition, oligopoly, and monopoly market models.
Explain breifly that you believe they are oligopolist and not a another market structure.
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