Author Question: Refer to the above table. Suppose both governments offer their respective company a 10 million ... (Read 101 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
Refer to the above table. Suppose both governments offer their respective company a 10 million subsidy.
 
  What will be an ideal response?

Question 2

Refer to above figure. The monopolist can export as much as it likes of its steel at the world price of 5/ton. How much steel will the monopolist sell, and at what price?
 
  What will be an ideal response?



bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Answer to Question 1

Both companies would enter the market, since each knows that regardless of the other's decision, it will make some profit here.

Answer to Question 2

It would sell 10 million tons at 5/ton.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

For a complete list of videos, visit our video library