Homework Help: managerial economics

Posted by ryan on Monday, December 8, 2008 at 1:08pm.

"Deciding on which price to charge is more difficult under less than perfectly competitive conditions (i.e., monopoly) than it is under perfectly competitive conditions." Discuss

managerial economics - economyst, Tuesday, December 9, 2008 at 10:16am
Take a shot, what do you think?
Hint: What information does the firm in the perfect competitive market need to determine it's profit maximizing price? Compare that to the information needed to determine the optimum price in a monopoly.

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