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Homework answers / question archive / Explain the difference between the individual firm demand curve for a perfectly competitive firm and the individual firm demand curve for a monopolist

Explain the difference between the individual firm demand curve for a perfectly competitive firm and the individual firm demand curve for a monopolist

Economics

Explain the difference between the individual firm demand curve for a perfectly competitive firm and the individual firm demand curve for a monopolist. What is the difference between their market demand curves?

Describe what a merger includes. Do some searching and give one example of a recent merger.

Watch the following video "What's Really at Stake in Apple Antitrust Case?" http://www.bloomberg.com/news/videos/2014-12-05/whats-really-at-stake-in- apple-antitrust-case

i. What does the government use anti-trust legislation for?

ii. What anti-trust violation was Apple being accused of?

iii. Who are other competitors involved in the digital music industry?

Explain how a monopolist can increase profits by price discriminating. What are the conditions necessary for price discrimination?

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