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Which of the following is NOT true about a differentiated-product Bertrand duopoly?
A. Firm 1 and firm 2's prices will be equal to marginal cost.
B. Firm 1's price will always be above marginal cost, while firm 2's price will be less than marginal cost.
C. Firm 1's price will always be less than marginal cost, while firm 2's price will be above marginal cost.
D. None of the answers is correct.
Suppose that output is $2.2, the natural rate is 4.5%, potential GDP is $2.32, inflation was 3% last year expectations arc adaptive, and the phillips curve equation is pi = pi + 0.5(Y - Y*)/Y*. What will the inflation rate be this year?
pricing strategy varies significantly across different market structures. the pricing guidelines in a monopoly market
Critically evaluate the provision resulting from the Uruguay Round to require that the least trade-restrictive measures should be used to achieve environmental goals. Include in your answer both the environmental and economic implications. Support or..
Compute total revenue, total cost also profit at each quantity. Illustrate what quantity would a profit-maximizing publisher choose. Illustrate what price would it charge.
Microsoft wants to sell more copies the additional income from each additional copy it sells.
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:
Explain the impact of each of the following upon commercial bank reserves: (a) the Federal Reserve sells government bonds in the open market to private buyers;
Systems to predict food shortages also need reviewing: early warning systems are of limited use without an effective response from policymakers. How will CAADP work when or initiatives have failed in past.
In 1981 Andrew Carnegie asserted that "parents who leave their children enormous wealth generally deaden their children's talents and energies and tempt them to lead less productive lives." Evaluate this statement using the labor-leisure model and ex..
the demand for electricity and the concept that nuclear is cleaner than coal and who the special interest groups are that's involved
You are offered a choice between $5000 today or $10,000 in 5 years. If you choose the $10,000 in 5 years, this implies that
If you had $ 4000 now and invested it at 6% simple interest, how much would it be worth 12 years from now? How much would it be worth if you receive 5% compound interest instead of 6% simple interest?
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