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ECO2023 - McDonald's and Starbucks Monopolies

Question # 00551847
Subject: Economics
Due on: 06/24/2017
Posted On: 06/24/2017 09:40 AM

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1. Are McDonald's and Starbucks Monopolies? Why or why not?

2. Explain why MR<P for the monopolist, but MR=P for perfectly competitive firms.

3. Why are monopoly firms able to earn long-run economic profits while perfectly competitive firms cannot?

4. Under what market conditions would afirm find it easier to engage in price discrimination?

5. Video Question: What was the most important concept presented in this video? Using your own words explain why you feel this way.

Tags monopolies starbucks mcdonalds eco2023 firms competitive perfectly explain video discrimination price easier engage question afirm using words presented feel concept important profits monopolist monopoly mrltp monopolies starbucks able earn market mcdonalds economic longrun conditions

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ECO2023 - McDonald's and Starbucks Monopolies

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Posted On: 06/24/2017 09:41 AM
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