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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.

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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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