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Economics Suppose the market demand for a homogeneous. Suppose the dominant firm moves first by setting a price P, followed by competitive fringe firms setting their quantities, taking the price as given. Compute the equilibrium price and quantity level for each firm. How does the presence of competitive fringe firms affect the equilibrium price, as compared to the monopoly price by the dominant firm? Expert Answer. No answer yet for this question. Ask a Tutor. Previous Question. Next Question. View Answer.

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Labor Markets and Minimum Wage: Crash Course Economics #28

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Now a day, computers are the main source of connectivity among people. The major share of work i. And also doing a long distant chat for almost free, computer or information technology has enabled human being in coming out with the speedy solutions of almost everything. If you need assistance with writing your essay, our source essay writing service is here to help!

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Find out more A personal computer PC be can any general-purpose computer whose size, capabilities, and original sales price make it useful for individuals, and which is intended to be operated directly by an end user, with no intervening computer operator. Personal computers Software applications include word processing, spreadsheets, databases, Web browsers and e-mail clients, games, and myriad personal productivity and special-purpose software. Productx personal computers often have high-speed or dial-up connections to the Internet, allowing access to the World Wide Web and a wide range of other resources.

In the free market condition the price of a product will be determined by the demand and the market supply of computers. In a market, Supply and demand is an economic model of price determination.

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It concludes that in a competitive market, price will function to equalize the https://amazonia.fiocruz.br/scdp/essay/mormon-bank-utah/walnut-venture-associates-case-study.php demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. If we look at computer market, the demand is keep on increasing and also at the same time the market supply also increasing. According to the law of demand and supply, when the demand is increased, the price goes up the free market.

But in this particular computer market, demand is growing but, the price comes down gradually. That is the question of this assignment and, in this piece of work I am going to discuss the best possible reasons to that behavior.

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Explanation for why the price of personal computers has continued to fall even in the face of increasing demand. The UK personal computer market in was worth However, it led to a fall of 8.

During the period from to personal computers PCs reported a higher annual growth, whereas peripherals and add-ons declined in total value sales. Therefore it was led to a negative growth of 3. In the consumer market, the better performance of PCs over the period, particularly, is attributed to sales of portables and particularly net books in the past year. Mobile computing is continuing to drive net book sales.]