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Q1) Evaluate why do oligopolies exists? Elaborate with examples what distinguish oligopoly from monopolistic competition?
Q2) Determine why is a firm's demand curve flatter than total demand curve in monopolistic competition? Suppose a monopolistic competitive firm is making profit in the short run. Justify what will happen to its demand curve in the long run?
Q3) Elaborate the differences and similarities in between monopoly and perfect competition market structure.
Q4) Explain meaning of prisoners' dilemma and dominant strategy. Construct your example on prisoner's dilemma and dominant strategy with payoff matrix.
Find the probability that the ball falls into a green slot zero times in 20 spins.
1. the mean television viewing time for americans is 15 hours per week money november2003. suppose a sample of 60
You would like to know how effective a diet program is at helping people lose weight. 18 over-weight people are randomly selected to participate in the program.
Calculate the test statistic (z-score) for the sample. What deccision should be made about the null hypothesis, and what decision should be made about the effect of the program.
Suppose that there exist N families on the earth and that the maximum number of children a family has is c. For j = 0, 1, 2, ... , c, let a1 be the fraction
James lent money to The Corner Store by purchasing bonds issued by the store, and therefore the rate of return that he and the other lenders
A box contains 50 black balls and 30 red balls. Four balls are drawn at random from the box, one after the other, without replacement.
Find the mean and standard deviation of the sum X + Y.- Find the mean and standard deviation of the difference X - Y.
An article reports that smaller firms seem to be hiring more than large ones as the economy picks up its pace. The table below gives numbers of employees hired.
They can expect a 5% increase in salary for the following year, which is the same that they received in each of the last 4 years. Find the ratio of the pension income for retirement in 1 year to that for retirement now.
determine the selling price pv per 1000 maturity value of the bond. hint assume twice-yearly interest payments. round
The length of time recorded is normally distributed with a mean of 184 seconds and a standard deviation of 55 seconds. What is the probability that and individual will be able to keep eye contact longer than 239 seconds?
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