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Author Question: Refer to the above table. Suppose both governments offer their respective company a 10 million ... (Read 93 times)

tsand2

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
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.


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