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1) Describe the characteristics of a monopolistically competition industry. Describe why monopolistic- ally competition firms find it important to establish brand loyalty for their product and service? How do try to create brand loyalty? Give Two examples of companies in this industry that have created loyalty.
2) If there is a merger of a firm with 25% market share and one with 20% market share, what will be the increase the Herfindahl Index after the merger? Show work here.
3) What happens in the long run for the monopolistic competition firm and for the oligopoly firm? Which of the two are better for the consumer and why?
Write the equations for the IS and LM schedules. Find the equilibrium values for Y and r. Now assume the same figures as above but with a completely interest inelastic Investment (I). Write the new equations for the IS and LM schedules. Find the new ..
Suppose the economy is in full employment and suddenly there is a fall in the domestic price level. What would happen to output and the current account in this economy?
Is this type of bonus structure in the interest of the company? Use theoretical and graphical insights from chapter five of the textbook to explain your reasoning.
We have studied the CLI for both Windows and Linux. The real power in using commands comes with scripting. What are some repetitive tasks you can think of that could be done more easily with a well-written script?
What would be the effect of the merger on the market's concentration ratio? On the HHI?
Assume that the gold-mining industry is perfectly competitive. Using a graph of the Representative Firm and a corresponding graph of the Market, illustrate a representative gold mine earning normal economics profits and illustrate equilibrium in t..
In practice, the government would have to be very knowledgeable to divide up the pollution abatement between the plants in the least cost manner. Tradeable pollution permits are one way to get around this concern. Briefly explain why.e. If polluti..
What is the current economic situation and how did we get here? Give your policy recommendation with some detail, including the timing of policy normalization, especially in light of the current and leading indicators on your US Economic Dashboar..
Given the length an athlete throws a hammer is a normal random variable with mean 50 feet and standard deviation 4 feet, what is the probability he throws it between 47 feet and 60 feet?
What is the value at point (b) and why is it important? At what level was the price ceiling set? What is the value at point (c) and why is it important? At this price ceiling level, will the monopoly make any monopoly profits?
If the price per visit is given to be $25, at what level of visits will the maximum profit position be?What are the profits at this level?
You are in the market for a used car. At a used car lot, you know that the blue book value for the cars you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you, how much are you willing to ..
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