introduction
 Characteristic of competitive market
 Goal of competition law
 types of anticompetitive conduct
Characteristic of Competitive Market

Homogeneous products are being traded

Each
National University of Singapore
Department of Economics
EC2101 Microeconomic Analysis I
Semester 2 AY 2015/2016
Homework 2 Solution
Cost Minimization and Perfect Competition
Due date: 4 Apr 12 pm
Que
FUJI FILM
201203323
201203326
201305223
2013 raj
01
About Fujifilm
Introduction
: :
Company Profile

Business Type : Manufacturing
Nationality : Japan
Founded in 01/20/1934
Company type : an In
Inductive Reasoning
Free Sample Test 1
Solutions Booklet
Difficulty Rating: Difficult
Instructions
This inductive reasoning test comprises 22 questions. You will have 25 minutes in which to
correctly
Econ 205 Problem Set 3
1.
(1) This proof consists of 3 steps.
In1 for any n. Therefore, [2; 6]
(a) [2; 6]
1
n
(b) For any xed x < 2, we have x < 2
1
\1
n=1 In .
1
for su ciently large n. Therefore, x
Econ 205 Problem Set 8
1.
(1) L (x; y; z;
1;
2)
= yz + xz +
@
2z = 0
@x L = z
@
(ii) @y L = z 2 1 y = 0
@
L = x + y 2 1z
(iii) @z
@
(iv) @ L = 1 y 2 z 2 =
1
(v) @ L = 3 xz = 0
2
1
1
y2
z2 +
2 (3
xz).
Econ 205 Problem Set 9
1.
@
(1) (i) @x
L = 2x 2 + 1 = 0
@
(ii) @y L = 2y
+ 2=0
@
(iii) @ L = 2 2x y 0,
0, and (2
@
(iv) @ 1 L = x 0, 1 0, and 1 x = 0
(v) @ 2 L = y 0, 2 0, and 2 y = 0
(2) First
If x
I
Econ 205 Problem Set 4
1.
(1) Suppose that f 0 (x) < 0 for some x and f 0 (x) > 0 for some other x. Since f is a C 1 function
(f 0 (x) is continuous on I), there exists a point x0 2 I with f 0 (x0 ) =
National University of Singapore
Department of Economics
EC2101 Microeconomic Analysis I
Semester 2 AY 2015/2016
Homework 1 Solution
Consumer Theory
Due date: 15 Feb 12 pm
Question 1 (2 marks) Conside
EC3101 Semester 1 AY2016/2017: Homework #1
Due September 7th at 4 p.m. in your tutors mailbox
1. Hugo has a utility function of the form () = . This utility function exhibits the
vonNeumann Morgenste
ASPEN
@Does Monopolist have legal duty to cooperate with tis rivals?
 . Willful acquisition of market power market power growth or
development desirable effort acquisition monopolist
.
@When is the
6 10
<Leegin Creative Leather Products VS PSKS>
Leegin small designer, producer and distributor of leather accessories
Selling belts across Us in more than 5000
PSKS operates Kays Kloset womens appar
Microsoft
Microsoft (EU)
Legal issue? refusal to deal and how you can define it
Legal standard the court relied to answer the legal issue

4 steps (legal test) and the meaning
And the reasoning of th
Brooke Group (US) Predatory P case
Brooke Groups conduct? Accuse conduct (below cost pricing?)
Allegedly with the intent of excluding its rivals or coarse its rivals to do something it wanted
Legal re
Abuse of dominance

Two elements of abuse of dominance

Subcategories of abuse of dominance>
Refusal to deal, Predatory pricing
Posco case
Meaning of relevant market
: In competition law, a relev
Predatory Pricing
Definition:
= the practice of charging a very low price for a product with the intent of driving competitors out of
business or out of a market
=
Market dominant enterprise cuts
AKSO vs COMMISSION
European court of justice
Relevant market: Organic Peroxides
AKZO (50%) vs ECS + (50%)
AKZO = dominant enterprise (consider relative size of the remaining firms, understanding the
c
Lecture 2
Process Flow Management
Professor Kihoon Kim
Process Flow Management
Slide 1
Outline
Changing Sources of Competitive Advantage
Process Analysis
Operational Measures: Time T, Inventory I, Th
Homework #2 (Due Friday, October 28th 2016 at 11 a.m.)
1. Consider a game between two parties, a criminal and the government. The
government selects a level of lawenforcement which is a number 0. The
Econ 205 Problem Set 6
1.
(1) limh!0
R1 (h)
h
= limh!0
f (x+h) f (x)
h
f 0 (x) = 0 since f is a C 1 function.
(2) From Theorem (30.5), we know that R1 (h) = 12 f 00 (c) h2 where c 2 (min fx; x + hg ;
Lecture 10
Savings, Investment Spending,
and the Financial System
The Modern Financial System
Finance
The process by which economic agents borrow from
and lend to other agents in order to consume or i
Lecture 9
Production
and
Economic Growth
Production and Growth
Gross Domestic Product
GDP is the total value of all final goods and services produced
in an economy during a given period
Total value of
Lecture 8
Imperfect Competition:
A GameTheoretic
Approach
Imperfect Competition
and Game Theory
P
MC
AC
.
.
G
price
0
E
When oligopolists can collude
to maximize their joint profits,
they will produc