BUS1103WrittenAssignmentWeek6

BUS1103WrittenAssignmentWeek6 - 1 a The source of the...

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Unformatted text preview: 1. a. The source of the market power for Merck is the patent on the drugs they produce and sell b.The source of the market power for Aliant comes from the from cost advantage for meaning that the more you call the cheaper it gets which in return gives the company a cost advantage c. The source of the market power comes from the fact they own most plantations which gives the the control of the source of the product 2. a. Price $ Quantity TR MR 10 0 0 0 8 1 8 8 6 3 18 10 4 6 24 3 2 10 20 ­4 0 15 0 ­20 b. he should choose 2 dollars which will result in 10 downloads c. he should choose 4 dollars which will result in 6 and a total revenue of 24 dollars d.he should choose 2 dollars which will result in 3 downloads and a marginal revenue of 10 dollars e. he should choose 4 dollars which will result in 6 downloads ...
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