Order ID 6463784949 Type Essay Writer Level Masters Style APA/MLA/Harvard/Chicago Sources/References 6 Number of Pages 5-10 Pages Description/Paper Instructions DeBeers is often thought of as a monopoly in diamonds. Is this true? Explain why or why not. Use firm theory to discuss their future.
reducing what is monopoly to one paragraph, and introduction about debeer to 300 words. you can first analyzing what are different types of monopoly and their characteristic: Cournot Stackelberg Bertrand Cartel. Then in analysis why debeer is not a monopoly from the cost side. A monopoly market is characterized by the profit maximizer, price maker, high barriers to entry, single seller, and price discrimination. Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination. Analyzing which part debeer has the same and which are not, and how to acheive in the future.
AND TRY TO COVER FOLLOWING CONCEPTS
own price elasticitycross price elasticity
change revenue formula
income elasticity
C4 index
HHI
numbers equivalent of firms
Horizontal integration
Vertical integration
Department of Justice merger guidelines
Lerner index
price contribution margin
Profit and opportunity cost
Price and ATC relationship
Least cost combination of inputs
Cost curvesMarginal cost
Learning curves
Long run average costs
Economies of Scale, Diseconomies of Scale
Economies of Scope
Cost Complementary
Competitive Market short run and long run
Monopoly short run and long run
Monopoly multiplant monopoly
Cournot
Stackelberg
Collusion, Cartel (monopoly multiplant)
Bargaining to Pareto improving solution in collusion
Cheating in collusion
Bertrand homogeneous goods
Bertrand heterogeneous goods
First degree price discrimination
Second degree price discrimination
Two part pricing
Bulk pricing
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