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1.A monopolist faces a downward sloping demand curve and the question of
price or demand uncertainty no longer presents itself. The question that
arises is the manner in which uncertainty affects the relation between
quantity and price. For each of the following three demand functions
comment on the quantity of output that the monopolist will choose to
produce (uncertainty maximum) vis. a vis. the certainty maximum level:
(a) p = g(q)+u, E(u) = 0.
(b) p =g(q) *u, E(u) =1, 0 < u < 2.
(c) q = g(p)*u, E(u) =1.
2. Comment on the economic significance of specifying uncertainty in the
two different forms as in questions 1(a) and 1(b).
求高人指点此二题 如何解
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