Discussion Post: Microeconomic
• 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 enables the monopoly firm to charge different prices for its product in different markets.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.