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Problem
Prior to engaging in this discussion, read Chapter 16 in the text and review any relevant Instructor Guidance. It is suggested that you review the recommended articles to glean any helpful information. Imagine that you own a pharmacy in your area. One of your competitors launches a "We will not be undersold" campaign, which promises consumers 150 % of any difference between its prices and the advertised prices of other pharmacies. Evaluate the social issues in your community as well as the economic culture that is influencing this type of pricing competition. Develop and describe a microeconomic model that is responsive to the service demands of your market. Based on your conclusions, how would you react to this situation and with what business strategy would you approach this? How might you apply game theory to the creation of your strategy?
EC302 - Political Economy - Discuss, in light of the papers by Myerson, Lizzeri and Lizzeri and Per-sico, what are the effects of increased political competition on political outcomes - What is the probability that the candidate on the left (with i..
Do a little research on this fad or fashion. How did this fad or fashion come to be? What is the sociological significance of this fad or fashion? Why would something like this become popular?
Determine the equilibrium park consumption and determine taxpayer surplus for each resident - develop four equations in four unknowns: big house value Vb; small house value Vs; equilibrium park consumption
Suppose that a study designed to collect new data on smokers and nonsmokers uses a preliminary estimate of the proportion who smoke of 30.
Suppose your friend is strong on defense and insists we must bolster our national. defense, whatever the cost. How can you use economic logic to make him or her aware of the opportunity costs with his or her objective?
In the long run, the most important source of increase in a nation's standard of living is a:
Include specific examples from the various religious traditions described in the Week 1 readings, such as a belief in one God or many gods and goddesses, church on Sunday, holy mountains, or the Quakers calling each other friends. You may also inc..
the news headlines during late 2012 and early 2013 were predominantly encompassed by the numerous deliberations between
a description of the environmental problem of water scarcity. Then, based on the core principles of the Ecological Model, explain how the multiple levels of influence contribute to the problem and interact with each other.
The research paper should encourage you to employ economic concepts (scarcity, opportunity cost, comparative advantage, supply and demand, price signals, diminishing returns, marginal utility, competition, monopoly, labor markets, income distribut..
What is the largest value of F such that it is socially worthwhile to provide this service and what are the Economic Depreciation charges associated with these optimal entry preventing prices?
Analyze the current health care delivery structure in your state. Compare and contrast the major determinants of health care market power.
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