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Define "price fixing". Give an example of an antitrust case involving price fixing. When is price fixing not a violation of antitrust law?
Two firms compete in a homogeneous product market where the inverse demand function is P = 10 -2Q (quantity is measured in millions). Firm 1 has been in business for one year, while Firm 2 just recently entered the market. Each firm has a legal oblig..
"The role members of Congress serve in acting on behalf of the interests of the home constituents and nation regardless of whether constituents would immediately approve of the members' decisions" If you were a legislator and had to decide whether to..
For each event given below, respond to the following points using the determinants of demand and supply: Determine whether demand or supply changes or if the event instead causes a change in quantity demanded or quantity supplied. State whether the c..
What effect will this have on supply and demand of loanable funds? How will this affect the real interest rate and the quantity of investment?
You work for an unemployment agency that distributes unemployment checks to unemployed workers in California. Your boss recently learned that the Governorhas proposed a 21 percent increase in the state minimum wage, and wants you to provide her with ..
I. Introduction: The purpose of this brief discussion assignment is to help you further develop your understanding of your employer's current or potential strengths. Because this course is interested in how human behavior can be understood and levera..
If their account earns 6 percent per year compounded quarterly, how long will it take them to have a total of $20,000 in their savings account?
Business profits account for nearly one-third of the price Americans pay for typical goods and services. More than 75% of what Americans buy is made in the United States. The United States is a relatively closed economy. Americans are among the mo..
we haven't been able to say much on theoretical side about private information combined with complementarities.
What is the difference between standard normal distribution curve and normal distribution curve?
With gasoline prices increasing rapidly in recent years, consumers have moved to high miles-per-gallon (mpg) vehicles, in particular hybrid autos that rely on a battery as well as a gasoline engine for even greater mpg. Generate a cost function for e..
Discuss 1) examples of externalities, including an explanation of why or how they demonstrate the concept of externalities, and 2) public goods, again including an explanation of why or how they demonstrate the concept of public goods.
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