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In the highly competitive setting in which oligopoly firms operate, which of the following are considered to be typical temptations each may face?
A. to cooperate to generate and then divide up monopoly-like profits
B. to cooperate to mutually decide what price to charge
C. to cooperate to make decisions about what quantity to produce
D. to cooperate to act as a single monopoly and all of the above
If the banking system has a required reserve ratio of 25%, then the money multiplier is. If Bank A receives a $20,000 deposit and the reserve requirement is 25%, how much does Bank A have available to loan out?
Write a 1- to 2-page paper identifying the various parts of your chosen country’s Political Economy. Explain how this system developed over time and any changes you may foresee for the near future. Cite resources as appropriate to support your commen..
What legal and political influences can affect the decisions of judges? How does the judiciary play a part in policymaking?
q.sara is a dot.com entrepreneur who has established a web site at which people can design and buy a sweatshirt. sara
What is the externality associated with an individual driving on a congested highway? How do tolls help alleviate this externality? How should tools be set? (Hint: would you always want the toll to be the same all day?) The steel industry pollutes th..
In 1800, the federal bureaucracy was relatively small with only a few thousand employees. Describe how the bureaucracy grew from a few thousand employees to the size it is today. Also, discuss how the bureaucracy is organized and how government emplo..
Explain why product differentiation leads to differences between monopolistic competition and perfect competition.
What order quantity would you advise and how much can they save using your recommendation instead of their one order per year strategy.
The production function at Ginko's Copy Shop is q = 1000 x min(L, 3K), where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines. As an example, if L = 4 and K = 1, then the minimum of L and 3K, min(L,..
If countries are first ranked by level or real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? What are the short-run and long-run effects on an economy of a ..
What factors in socio-cultural segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the ind..
The R&D and development costs for the new drug were $1.2B. Variable costs are estimated at $25 per pill and allocated fixed costs are estimated to be $8 million per year. For pricing let’s assume that the average channel margins based on retail price..
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