Using Porter's competitive forces, explain which force pressured the displacement of Nokia as the leading cell phone producers during the first decade of twenty-first century?

7. Suppose that the inverse market demand for pumpkins is given by P = $10-0.050. Pumpkins can be grown by any- one at a constant marginal cost of $1. ena. If there are lots of pumpkin growers in town so that the pumpkin industry is competitive, how many pumpkins will be sold, and what price will they sell for? b. Suppose that a freak weather event wipes out the pumpkins of all but two producers, Linus and Lucy. Mesob 0 17050

What are the main barriers to entry in the electricity supply market, and how Electricity Company got the status of Monopoly power? also,explain why a monopoly firm (Electricity Company for example) choose not to produce at its full capacity?

IF YOU ANSWER THIS ALREADY, PLEASE GIVE IT TO ANOTHER TUTOR P          14         13           12         11         10          9           8           7             6            5 QD       50        100        150       200       250       300       350       400        450       500 Consider a market with the above demand and two firms.  Both firms have a constant marginal cost of 7. 1. What price should these firms charge to maximize total industry profit? (Note: the marginal condition we learned will work here but you need to be careful because the changes in quantity on the schedule are not 1.  Because of this, you might want to use a brute force approach here.  It's worth thinking about how you would reconcile it with the marginal condition though.  Also, the marginal condition doesn't match exactly so take the best number from the schedule.) 2. Assuming that if they set the same price, they split the market evenly, what will the profit of each firm be if they both set the above…