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College of Administrative and Financial Sciences
Deadline: 28/11/2020 @ 23:59
Course Name: Microeconomics
Student’s Name:
Course Code: ECON101
Student’s ID Number:
Semester: I
Academic Year: 1441/1442 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/ 5
Level of Marks: High/Middle/Low
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for
poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.
Assignment 3
1. Explain the effects of low price-guarantee on the price. (1.5 Marks)
2. If a group of sellers could form a cartel, what quantity and price would they try to set? (1.5
3. What do you understand by discriminatory monopoly? Bring out the conditions that enables
the monopoly firm to charge different prices for its product in different markets. (2 Marks)

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