Intel and Advanced Micro Devices make most of the chips that power a PC. What makes the market for PC chips a duopoly? The PC chip market is a duopoly if O A. at the efficient scale, two firms can satisfy the market demand OB. each firm can divide its consumers into two categories-business consumers and household consumers O C. the two firms can charge different prices for the same quality of PC chip O D. the market produces two goods Assume that Intel and Advanced Micro Devices have identical costs. The graph shows the market demand curve. Draw the average total cost curve of one firm if the chip market produces 800 chips an hour and other firms are prevented from entering. Label the curve. Draw a point on the average total cost curve at the efficient scale. 110- 100- 90- 80- 70- 60- 50- 40- 30- 20- 10- 0- Price (dollars per chip) 0 800 400 600 Quantity (chips per hour) >>> Draw only the objects specified in the question. £800 200 1000 1200 Ⓒ O G
Intel and Advanced Micro Devices make most of the chips that power a PC. What makes the market for PC chips a duopoly? The PC chip market is a duopoly if O A. at the efficient scale, two firms can satisfy the market demand OB. each firm can divide its consumers into two categories-business consumers and household consumers O C. the two firms can charge different prices for the same quality of PC chip O D. the market produces two goods Assume that Intel and Advanced Micro Devices have identical costs. The graph shows the market demand curve. Draw the average total cost curve of one firm if the chip market produces 800 chips an hour and other firms are prevented from entering. Label the curve. Draw a point on the average total cost curve at the efficient scale. 110- 100- 90- 80- 70- 60- 50- 40- 30- 20- 10- 0- Price (dollars per chip) 0 800 400 600 Quantity (chips per hour) >>> Draw only the objects specified in the question. £800 200 1000 1200 Ⓒ O G
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter10: Monopolistic Competition And Oligopoly
Section: Chapter Questions
Problem 11PAE
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Transcribed Image Text:Intel and Advanced Micro Devices make most of the chips that power a PC.
What makes the market for PC chips a duopoly?
The PC chip market is a duopoly if
O A. at the efficient scale, two firms can satisfy the market demand
OB. each firm can divide its consumers into two categories-business
consumers and household consumers
O C. the two firms can charge different prices for the same quality of PC chip
O D. the market produces two goods
Assume that Intel and Advanced Micro Devices have identical costs.
The graph shows the market demand curve.
Draw the average total cost curve of one firm if the chip market produces 800
chips an hour and other firms are prevented from entering. Label the curve.
Draw a point on the average total cost curve at the efficient scale.
110-
100-
90-
80+
70-
60+
50-
40-
30-
20+
10-
0-
Price (dollars per chip)
0
$800
200
400
800
600
Quantity (chips per hour)
>>> Draw only the objects specified in the question.
D
1000
Q
Q
1200
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