Discussion Post: Economics
• Explain the effects of low price-guarantee on the price.
• If a group of sellers could form a cartel, what quantity and price would they try to set?
• What do you understand by discriminatory monopoly? Bring out the conditions that enable the monopoly firm to charge different prices for its product in different markets.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.