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ECON 101 SEU Pricing with Consumers Valuation Uncertainty by A Monopoly Questions
- Explain the effects of low price-guarantee on the price.
- If a group of sellers could form a cartel, what quantity and price would they try to set?
- 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.
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