LP 1 Live Seminar
Paper details:

Good evening class,

Below is the link to the archived LP 1 seminar and to answer the question
https://online.adobeconnect.com/p48to9sy8v9/?launcher=false&fcsContent=true&pbMode=normal
A paragraph per question will be sufficient.

Questions:

Explain why total revenue doesn’t always increase when price is raised.

Explain why the issue of firm interdependence makes modeling firm behavior under oligopoly so difficult.