Shown Below Is a Consistency Vector from an Analytic Hierarchy

question 36

Multiple Choice

Shown below is a consistency vector from an Analytic Hierarchy Process analysis. 2.6895
2.5555
2.7985
2.6105
Compute λ.

• A)2.7985
• B)2.6000
• C)10.6540
• D)2.6635

Recognize the relationship between demand elasticity, marginal revenue, and monopoly pricing strategies.

Calculate profit-maximizing output and price in multiplant monopoly settings.

Assess the impact of government intervention, through taxes, on prices and output in monopoly markets.

Understand the concept of the Lerner index and its application in measuring monopoly power.