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In short answer format identify and describe a real world example of an oligopoly. What characteristics of this market fit the definition of an oligopoly? What role does advertising play in this market? Is this consistent with what you've learned about advertising and oligopoly in this course?
how should she reallocate her expenditures between the two goods
Our statistics students were asked to rate their admiration of Hillary Clinton on a scale of 1 to 7. They also were asked to rate their admiration
The items per minute scanned at a local grocery store check-out line is uniformly distributed between 11 and 48 items. What is the probability that the items scanned per minute by a randomly selected clerk is more than 35.9? Provide your answer in de..
In the short run, a firm's total costs of producing 100 units of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. Illustrate what is marginal cost of the 101st unit of output.
In July, 2013, in the economy of Sandy Island, 10,000 people were employed and 1,000 were unemployed. During August, 2012, 80 people lost their jobs and did not look for new ones, 20 people quit their jobs and retired, 150 people were hired or recall..
Respond to the following question with at least three well composed paragraphs: Restaurants typically charge much higher prices for dinner than for lunch, despite the fact that the cost of serving these meals is about the same. Why do you think this ..
Describe "how" producer surplus is measured?
Assume you own a computer retail store located near your campus (give the store any name you want). You have sold fewer PCs in recent years due to strong demand for macs among university students. You will write a sales letter to reach all student ho..
You have a portfolio with a beta of 2.40. What will be the new portfolio beta if you keep 10 percent of your money in the old portfolio
q1. external and internal equilibria are often contradictory goals and the policy-maker is forced to choose between one
Calculate nominal GDP in 2006 and in 2007 and the percentage increase in nominal GDP between 2006 and 2007.
Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets? Is it El..
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