Expert Answer :Economics discussion

  

Solved by verified expert:Attached is an article – an old one from the WSJ dating to 2000. It is one of the better ones available on one of the best known monopolies of its time. You will read the article, answer the question using course content and the internet, and then respond to at least tow other students. Your responses to other students will be graded using the discussion board Rubric, so please refer to it (look to the left – it’s on the tabs). I have attached the article:monopoly article.pdf I am also including the link https://www.wsj.com/articles/SB963436916393355234 in case the pdf doesn’t open up. The sum of points for answering the questions is 55. Responses to at least 2 other students are worth 10 points total.1.List the characteristics of a monopoly. ( 4 points)2. What good or service did De beers have a monopoly in? (1 points)3.What are the reasons De Beers was able to create and maintain a monopoly for as long as it did? (5 points)4.According to the article, what were the reasons De Beers started to lose its monopoly? (5 points)5.What some of the strategies that De eers has adopted to maintain market share – some of this is in the article and some you will want to google. You don’t need to search excessively. Any recent article on De beers will reveal what steps the company has taken since 2000 to maintain market share. (10 points)6. When De Beers had a monopoly, could it have set the price of diamonds as high as it wanted to regardless of the market/ Explain your answer (please check your chapter reading as well as the article for answers) (10 points)7. What is the difference between price fixing and price discrimination? ( 5 points)8. How is monopoly similar or different to perfect competition? (5 points)9. How is monopoly simiar or different from oligopoly? (5 points)10. How is monopoly similar or different from monopolistic competition? ( 5 points)

Don't use plagiarized sources. Get Your Custom Essay on
Expert Answer :Economics discussion
Just from $10/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP