Etisalat and du are telecommunication companyrsquos, Microeconomics

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Etisalat and du are telecommunication companyrsquos

1- Etisalat and Du are Telecommunication company’s duopolists. If they form a cartel between themselves, then what will happen to price and output in the market? Discuss your answer with a relevant diagram

2- If Ministry of labor sets up a minimum wage in the labor market, what can be the potential effect on the employment? Explain your answer with help of relevant diagram.

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Microeconomics: Etisalat and du are telecommunication companyrsquos

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Microeconomics: Etisalat and du are telecommunication companyrsquos

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