Comprehensive Analysis of Managerial Economics Concepts and Cases

This managerial economics assignment delves into key concepts through case studies and theoretical analysis. It begins with an examination of a collusive oligopoly in the mobile network roaming market, exploring market dynamics and consumer exploitation. The assignment then transitions to a business cycle analysis, outlining its phases and causes, specifically focusing on the ABC country's economic fluctuations. Part A also covers the analysis of substitute goods. Part B of the assignment investigates cost curves, differentiating between short-run and long-run average costs and their shapes. It further explores the concept of elasticity of demand, including price, cross-price, and income elasticity, illustrating their applications with examples. The assignment provides a comprehensive understanding of managerial economics principles.