Microeconomics & Perfect Competition and Monopolistic Market : Report

Added on - 22 Jul 2020

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Microeconomics
Table of ContentsINTRODUCTION...........................................................................................................................3SECTION A.....................................................................................................................................3SECTION B.....................................................................................................................................4Q. 21............................................................................................................................................4a) Pay-off matrix duopoly game.................................................................................................4b) Dominant strategy and each firm's dominant strategy............................................................5c) Net equilibrium.......................................................................................................................5d) Prisoner's dilemma game........................................................................................................5Q. 22............................................................................................................................................5a) Short run profit for Starbucks competitive strategy................................................................5b) Long run monopolistic competition for Starbucks................................................................6c) Starbucks performance............................................................................................................7d) Efficiency of Starbucks for long term period.........................................................................8CONCLUSION................................................................................................................................8REFERENCE...................................................................................................................................9
Illustration IndexIllustration 1: Short run competitive strategy for Starbucks............................................................6Illustration 2: Long run competitive strategy for Starbucks............................................................8
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