The Half-Year Convention Allows Us to Take Six Months Depreciation

question 37

True/False

The half-year convention allows us to take six months depreciation during the first year of an asset's life even if the asset was purchased on January 25th.

Analyze the effect of monopoly pricing on consumer and producer surplus.

Understand the regulatory approaches to curb monopolistic powers and their implications.

Distinguish between monopoly and monopsony power in markets.

Calculate deadweight loss, consumer surplus, and producer surplus in monopoly markets.