For example, in the article published on CBC News “Ontario’s minimum wage raise a ‘small business killer'”, Nasser (2017) states, “The Canadian
October 7, 2020
At a student caf, there are equal numbers of two types of customers with the following values.
October 7, 2020
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you are a consultant to price-setting firm (monopolist) Situation: The firm hasmarket-pricing power and is making a hefty economic profit.

you are a consultant to price-setting firm (monopolist) Situation: The firm has market-pricing power and is making a hefty economic profit. But, a potential rival firm to the market could cause problems. Your job is to develop a plan that could keep the potential rival firm out of the market. Please feel free to use graphs and numbers as a part of your plan.

 

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