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Ecomonics-monopoly Q

  • 20-06-2010 3:42pm
    #1
    lc2010
    Registered Users Posts: 241 ✭✭


    Does a price discriminating monopolist have the same curve as an ordinary monopolist? I can't seem to find it in the book but in 2000 it came up and the marking schemes on examinations.ie only go back to 2001. Also in this q what bearing does the fact that the monopolist supplices a foreign perfectly competitive market have on the question??
    thanks!;)


Comments

  • #2
    lc2010
    Registered Users Posts: 241 ✭✭lc2010


    Sorry for the bump but anyone got any idea at all?????:confused::confused::confused:


  • #3
    FridaysWell
    Registered Users, Registered Users 2 Posts: 1,173 ✭✭✭FridaysWell


    lc2010 wrote: »
    Does a price discriminating monopolist have the same curve as an ordinary monopolist? I can't seem to find it in the book but in 2000 it came up and the marking schemes on examinations.ie only go back to 2001. Also in this q what bearing does the fact that the monopolist supplices a foreign perfectly competitive market have on the question??
    thanks!;)
    Hope this answers your Q... Here goes...

    Because the monopolist is operating in two markets, which is the principle behind price discrimination, he/she is operating in a monoply and in a perfectly competitive market.
    So yes he/she does have the same curve as an ordinary monopolist.
    And in the other market, there is a perfectly competitive curve.
    So, in essence, there are TWO curves.
    One for monopoly, one for perfectly competitive.

    Get me?:D


  • #4
    lc2010
    Registered Users Posts: 241 ✭✭lc2010


    FridaysWell wrote: »
    Hope this answers your Q... Here goes...

    Because the monopolist is operating in two markets, which is the principle behind price discrimination, he/she is operating in a monoply and in a perfectly competitive market.
    So yes he/she does have the same curve as an ordinary monopolist.
    And in the other market, there is a perfectly competitive curve.
    So, in essence, there are TWO curves.
    One for monopoly, one for perfectly competitive.

    Get me?:D
    Yeah I get it, it's actually not hard at all, I suppose price discrimination was just a bit unclear to me! cheers for that!!!
    :cool::p:p


  • #5
    FridaysWell
    Registered Users, Registered Users 2 Posts: 1,173 ✭✭✭FridaysWell


    lc2010 wrote: »
    Yeah I get it, it's actually not hard at all, I suppose price discrimination was just a bit unclear to me! cheers for that!!!
    :cool::p:p
    No problems at all.
    Good luck, and enjoy the summer!


  • #6
    Finical
    Registered Users, Registered Users 2 Posts: 1,507 ✭✭✭Finical


    I'm fecked if monopoly or imperfect competition comes up. :pac: Have they ever brought up the same market in two consecutive years?


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  • #7
    FridaysWell
    Registered Users, Registered Users 2 Posts: 1,173 ✭✭✭FridaysWell


    Finical wrote: »
    I'm fecked if monopoly or imperfect competition comes up. :pac: Have they ever brought up the same market in two consecutive years?
    Very very unlikely.

    But they may pull an Eavan Boland on it...;)


  • #8
    lc2010
    Registered Users Posts: 241 ✭✭lc2010


    Finical wrote: »
    I'm fecked if monopoly or imperfect competition comes up. :pac: Have they ever brought up the same market in two consecutive years?

    Nope checked it today;) never!

    Although a price discriminating monopoly hasn't come up since 2000!:eek:


  • #9
    Finical
    Registered Users, Registered Users 2 Posts: 1,507 ✭✭✭Finical


    lc2010 wrote: »
    Nope checked it today;) never!

    Although a price discriminating monopoly hasn't come up since 2000!:eek:
    That has a good chance as the guy on 2fm said that could come up but he said he has been saying it for years. It better not come up this year. If it does:

    facepalm3.jpg


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