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What is the least likely outcome for a firm enjoying a monopoly in an industry that has a continually falling long-run average cost curve?
[1] The government regulates the firm as a monopoly.
[2] Buyers find ways to acquire a non-monopoly price from the producer by having a group purchasing agent to do the buying.
[3] The firm charges a monopoly price and goes unchallenged.
[4] Buyers contract with a new producer to provide a market in exchange for a less than monopoly price or the fear of this possibility keeps the monopolist from profit maximising
Why do most firms feel they have to promise growth? Why did oil companies tend to promise future growth in the past? What has changed? Why are oil firms now proposing to shrink?
You are the human resources manager for a boutique retailer. Currently, the company pays the sales staff a flat $18/hour for each 8 hour shift, regardless of sales. You suggest an alternative compensation scheme in which sales personnel receive $8/ho..
Did the authors use the correct statistical test? In other words, what was their rationale for using this test (i.e., were the variables discrete or continuous and was the test appropriate for this type of data?)
How was Malthus's view different from Keynes? How was the period during which he was writing affect this comparison? Does his feeling that the landed aristocracy should be promoted also affect this comparison?"
Suppose that eLake, an online auction site, is paying a dividend of $2 per share. You expect this dividend to grow 2 percent per year, and the interest rate is 10 percent. What is the most you would be willing to pay for a share of stock in eLake?..
Tom Sewel has gathered data on the relative costs of a solar water heater system and a conventional electric water heater.
List and define the methods of describing a need as it relates to your Week Eight written assignment - What benefits would accrue to TFL? What risks are there for TFL and what should TFL do and why?
If the market is competitive and is left unregulated and 400 tons of papers are produced, what is the price of a ton of paper? Explain your answer
Describe where the policies have been implemented, why they were implemented, consequences of the policies, and any results from evaluations of the policies - Summarize the research evidence and the existing implementations and provide a recommenda..
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases its price to ..
Your company is trying to decide whether to raise the price of your product from $$7.5 by $0.50 or lower it by $0.50. Given the above information what would you recommend if the sole goal of your firm is to increase the total revenue?
What is the maximum amount bank can expand its loans and what will happen to the M1 money supply if it makes the loans in (b) above and those funds are deposited into another bank by the borrowers?
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