A monopolist sells its products in two countries and resale from customers is not possible. The inverse demand curve for the monopolist is 150 in country 1 and in country 2. Production takes place in country 1, at a constant marginal cost per product of m = 30. Selling its product in country 2 also requires a transportation cost, which is t = 5 per product. Determine for both countries: 1) the monopolist’s optimal price and quantity; 2) the price elasticity of demand at the monopolist’s optimum; and 3) the Lerner‐index.

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less