Assume the government of Kalu nationalized all energy industries in the nation. With confidence in the economy eroded, investors decide to move their…
September 11, 2020
Some states prohibit insurance companies from using car owners’ home addresses to set auto insurance rates. Why do insurance companies use home
September 11, 2020

Suppose that many similar price-taking consumers have a single good (candy bars). Jane has a monopoly in wood, so she can set prices. Assume that no production is possible. Using an Edgeworth box, illustrate the monopoly optimum and show that it does not lie on the contract curve (that is, it isn’t Pareto efficient).

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