10we303mt - University of British Columbia Department of...

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University of British Columbia Department of Economics Winter Session Term II, 2010 M. Vaney Midterm Examination Monday, February 8, 2010 NAME:_________________ Time Allowed: 75 Minutes Total Marks: 50 STUDENT NUMBER:__________________ ANSWER ALL PARTS OF THE EXAMINATION. PART A: Answer any two questions . Each question is worth 5 marks. Provide short, clear answers to the following: 1. In the N p = A bq with the same constant marginal cost, c; q c = A c b ( N + 1) and the industry output is Q c = N ( A c ) ( N + 1) b Write the expression for price, p c and explain why the N oligopoly can be thought of as encompassing both the model of monopoly and the model of perfect competition. 1
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calculate the minimum discount factor that will sustain cooperative behaviour
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This note was uploaded on 10/21/2010 for the course STATISTICS Stat 200 taught by Professor Eee during the Spring '10 term at UBC.

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10we303mt - University of British Columbia Department of...

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