Macmillan Learning o Kiviaq is a little known regional delicacy served during the winter time and at celebrations near the arctic circle. Although some people have found the taste-and smell—to be overpowering, a few exuberant companies have chosen to produce kiviaq for the masses so that the world may know its unique taste. The table shows the market shares for kiviaq producers in Inuit territory. Company Market share Siorapaluk 43% Ikuo 19% Kivitoo 18% Taloyoak 13% Auk 7% a. Use the data in the table to calculate the Herfindahl- Hirschman Index (HHI) for the market for kiviaq. HHI: b. Based on the HHI that you calculated, what kind of market does kiviaq have? c. Assume Siorapaluk and Ikuo propose a corporate merger because they think together they can make the best kiviaq the world will ever know. Calculate the new HHI if the merger were to occur. HHI: d. Assume Canadian parliament wants to review the merger. Upon scrutiny,

Assuming you are the managing director of a firm that produces three goods: A, Band C. The price elasticity of demand for A is 1.2, for B it is 1.00 and for C it is 0.75.It is known that he firm is experiencing serious cash flow problems and you have toincrease total revenue as soon as possible. If you were in a position to set the pricesfor these goods, what would be your pricing strategy for each product

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105 100 95 90+ 8282 85- 75 70- 382999282822" 65- 55 50 45 40 35 SH 5 10 15 MC ATC MR 60 65 Demand ++++ 90 95 100105110115120 Q What price will the monopolistically competitive firm charge in this market? O $70 $80 $75 $60

follow. Table 13.1 Price (S) Quantity 4.00 2000 3.50 2400 3.00 2800 2.50 3200 2.00 3600 1.50 4000 1.00 4400 Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 2400th unit it sells? A) $3.75 B) $1 C) $3.50 OD) $400

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Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue. and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? Costs and revenues 30 27 24 21 18 15 9 6 3 0 3 6 9 12 15 Quantity per period 18 21 MR D=AR MC AC

PRICE (Dollars per engine) 100 90 80 70 60 40 30 & 2 20 10 MO D 0 10 ATC MR Demand 20 30 40 50 60 70 DO 90 QUANTITY (Thousands of engines) 100 Mon Comp Outcome Min Unit Cost Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that optimal quantity. Furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium is average total cost. at the the minimum

2. The market for dark chocolate us characterized by Cournot duopolists - Honeydukes and Wonka industries. The market demand for dark chocolate is:P = 8 - 0.005Qdwhere P is the price per bar in dollars and Qd is dark chocolate's daily quantity demanded in bars (use qh to represent the quantity of dark chocolate sold by Honeydukes and qw to represent the quantity of dark chocolate sold by Wonka Industries). Honeydukes has a constant marginal cost of $2.50 per bar, while Wonka Industries has a constant marginal cost of $3.00 per bar. The firms move simultaneously in choosing their profit-maximizing quantity of output.a. Given the firms move simultaneously, what is the equation for Honeydukes' reaction function with qh expressed as a function of qw?b. Given the firms move simultaneously, what is the equation for Wonka's reaction function with qw expressed as a function of qh?c. What quantity of dark chocolate will each firm produce in equilibrium and what price will be established for a…

What is a company based in Nova Scotia that you think shoud begin selling its products in a country outside of North America? who are some current competitors in that country and their marketing efforts.