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Provide 2 examples covered In the course of important real world PV inconsistency (i.e., the opposite to PV consistency), and especially why each occurs.
Rather than look at the effect on the "competitiveness" of the dominant firm, should the Commission have not also considered the effect of the dominant firm's conduct on efficiency?
Market demand is given by P = 140 -Q. There are two firms, each with unit costs = $20. Firms can choose any quantity. Find the Cournot equilibrium and compare it to the monopoly outcome and to the perfectly competitive outcome. Why aren't the latter ..
What is corporate culture, and who is responsible for setting the tone of a corporate culture? List and describe the five functions critical to managerial effectiveness according to Henri Fayol’s school of thought. According to the Hawthorne effect, ..
Suppose a single firm produces all of the output in a contestable market. The market inverse demand function is P = 250 -5Q, and the firm’s cost function is C(Q) = 6Q. Determine the firm’s equilibrium price and corresponding profits.
A county government has decided that It needs to generate more revenue to pay for repaving all of the roads in the county. County of?cials have decided that the
Explain the difference between ex-ante and ex-post real interest rate. Why do investors not know the ex post rate when they make their initial investment?
Suppose you run a firm in a perfectly competitive industry and would like to learn about what your competition is doing.
The state of California has a pollution permit market for carbon emissions, where all large firms must have a permit for each ton of carbon emissions they generate. The California state government sets the supply of permits and large electricity prod..
The law of diminishing returns says that at some point, as the firm's output increases, marginal product begins to fall and can eventually became negative. Why does this happen? Price discrimination allows a firm to charge different price to differen..
Describe both distributive and procedural organizational justice and how they differ. How may one’s level of collectivism influence his/her interpretation of a situation as reflecting distributive justice? How may one’s level of power distance influe..
How do companies regulate and prevent insider trading from happening within their corporations?
In 2013 BusinessWeek Online reported that car sales in China had slowed and some car prices had dropped. The price cuts had had the unintended result of consumers waiting for deeper discounts. How does this waiting suggest about supply and demand?
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