ECON 101 SEU Explain the Effects of A Low Price Guarantee on The Price Questions

ECON 101 SEU Explain the Effects of A Low Price Guarantee on The Price Questions

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ECON 101 SEU Explain the Effects of A Low Price Guarantee on The Price Questions

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  • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
  • Assignments submitted through email will not be accepted.
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  • All answered must be typed usingTimes New Roman (size 12, double-spaced) No pictures containing text will be accepted and will be considered plagiarism).
  • Submissions without this cover pagewill NOT be accepted.

 

Assignment 3

  1. Explain the effects of low price-guarantee on the price. (1.5 Marks)
  2. If a group of sellers could form a cartel, what quantity and price would they try to set? (1.5 Marks)
  3. What do you understand by discriminatory monopoly? Bring out the conditions that enables the monopoly firm to charge different prices for its product in different markets. (2 Marks)

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