ECONOMICS 4139

California University Of Pennsylvania

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Exercises and solutions - Part II|Industrial Organization: Markets and Strategies

Exercises and solutions - Part II|Industrial Organization: Markets and Strategies
Exam (elaborations) • 27 pages • 2022

Industrial Organization: Markets and Strategies Exercises & Solutions Exercise 1 Monopoly with quality choice Consider a monopolist who sells batteries. Each battery works for h hours and then needs to be replaced. Therefore, if a consumer buys q batteries, he gets H = qh hours of operation. Assume that the demand for batteries can be derived from the preferences of a representative consumer whose indirect utility function is v = u(H) pq, where p is the price of a battery. Suppose that u ...