A firm has a monopoly in the market for match boxes. In order to produce Q match boxes, it

costs the firm C(Q) = 2Q2

.

(a) Find the marginal cost of producing a match box for this firm. (2 marks)

(b) The demand for match boxes is Q =12 − 0.25P. Find the level of output that maximizes the

firms’s profits. What price is the firm charging? (4 marks)

(c) What level of output and price would maximize total surplus in the match box market? Hint:

Find competitive market output level and price. (3 marks)

(d) What is the deadweight loss from monopoly power of the firm?

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses