Week 4 - Your consulting firm was just granted an exclusive

Question # 00842791 Posted By: wildcraft Updated on: 06/26/2023 02:48 AM Due on: 06/26/2023
Subject Economics Topic General Economics Tutorials:
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Week 4

Your consulting firm was just granted an exclusive contract for Vanda-Laye Corporation. You now must decide your pricing policy. The firm will encounter no fixed costs, and all revenue is after taxes. As your firm has been granted an exclusive contract, your pricing and output decisions will be those of a monopolist.

Tasks:

  • Analyze what a monopolist is and the effects it could have on the consulting firm.
  • Evaluate if any antitrust policies need to be put into place.  How will your pricing policy be justified?
  • Explain the implications of increasing the price you will charge Vanda-Laye Corporation verses what it was previously charged.   

Submission Details:

  • Submit a 2-3 page Microsoft Word document, using APA style.
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Tutorials for this Question
  1. Tutorial # 00838255 Posted By: wildcraft Posted on: 06/26/2023 02:48 AM
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