COURSE: MICROECONOMICS 2 - MONOPOLY IN DURABLE GOODS True / False / Uncertain

a) In case of a durable good monopoly, exports make it possible for firm to remain in market. Professor's answer is True. Justification is needed

b) A durable good monopoly has no relevant market. Professor's answer is False. Justification is needed

c) In two periods (initial year and final year), in case of a durable good monopoly, price will increase. Teacher's answer is False. Justification is needed

d) Always in second period, in a durable good monopoly, monopoly power will decrease. Teacher's answer is True. It needs to be justified with a graph

e) From second period onwards, demand for a durable good monopoly will only grow if population grows. Teacher's answer is True. Justification is needed