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1. Why are the concepts of own and cross-price elasticities of demand essential to competitor identification and market definition?
Please explain the difference between the collusive and competitive oligopoly models and explain the role that the number of firms and barriers to entry play in determining how real-world oligopolistic industries behave.
An apparel manufacturer purchases cotton and other raw materials for the production of shirts. Would the sale of cotton from a cotton mill to the shirt manufacturer be included in the calculation of GDP? Why or why not?
Consider a perfectly competitive market for catfish. Fishers who catch catfish clean and package them before offering them for sale. The graph below shows the cost curves of a typical firm in the market.
Does the company have a stated policy on corporate social responsibility and what is the company doing to be socially responsible?
how can a monopolistic competitor tell whether the price it is charging will cause the firm to earn profits or experience losses? What can it do to increase profits?
Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Will this necessarily result in more revenue?
Clearly show on your graph the old equilibrium price and quantity and the new equilibrium price and quantity. Can you tell for certain whether the new equilibrium price will be higher or lower than the old equilibrium price?
Two factors determine the legal reserves that a commercial bank must hold by law.
What types of products does the US export and what types of products do we import? Why do you think those are the products we export or import? How does the strength of the dollar impact imports and exports?
Linda inherited a sum of $50,000 from one or her great parents. She would like to invest in one of the following three possible investment opportunities for a period of 10 years. Choose the best one for her.
The manager of a competitive firm will:
If the market premium is 11.56 percent, the risk-free rate is 4.06 percent, the inflation rate is 1.46 percent, and Middlefield Motors common stock has a beta of 0.52, then what is the expected return for Middlefield Motors stock? Answer as a rate in..
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