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II Submit you work through googie class-room (instruction attached). 0 You must provide graph aiong with the explanation, ifthe question asksfor it. Question I. (a) Consider the mobile banking industry of Bangladesh. Which type of market structure can explain the market mechanism in this industry? Provide three reasons in support of your answer. (5) (b) Under what circumstance the mobile-banking industry of Bangladesh might behave like a monopoly market? Explain why. (5) Question 2. (3) Explain three types of price discrimination and provide one example of each type of price discrimination. (5) (b) In which case a prot-maximizing monopolist will be resource-allocative efcient? Explain your answer. (5) Question 3. Suppose initially there is a monopolistically competitive rm earning positive prot in the market. How will the market adjust to a new long-nut equilibrium? Explain and provide adequate graph to supplement your answer. (5) Question 4. (a) Explain the concept of consumer equilibrium in terms of the Equi-marginal principle, Provide appropriate graph for explaining you answer (5) (b) Suppose you have a budget of 1000 take. The price of one unit of X is 20 taka, and the price of one unit of Y is 10 taka. If X provides you utility and Y gives you disutility, what is the equilibrium amount of X and Y for the consumer? Explain your answer using appropriate graph. (5) Tariff on Imported Good a. Suppose the oountry Home has the following demand and supply functions for a good 3: [you may assume the price p will be such that neither supply nor demand are negative}; Home Supply: (E; = 4-D + 3p Home Demand: 03 = SD 2p Home production of the good is not enough to satisfy the Home demand, so Horne also imports good it from Foreign. Dene Home's import demand for good it. little as Import Demand: or = of: of; Write the import demand equation lid in terms of the price. 11} h. Suppose the oountry Foreign has the following demand and supply functions for the good I {you may assume the price p will be such that neither supply nor demand are negative}: Foreign Supply: {23 = All] + 10p Foreign Demand: Q? = 1M! - lp Dene Foreign's export supply of good it, Fit. as Export Supply: EX = Q Q}? Write the export supply equation Ex in terms of the prioe. 11} c. Find the price such that Home's demand for imports of good a equals Foreign's export supply of good a. Denote this price as p""r [world price]. [2} d. Since this is a competitive market, the Home producers of good 3t also charge p'\"r for good it. Find the amount of good if. that Home produces and the amount that Home oonsu mes at price p\". 12}