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Q1. Assume a cartel that consists of two firms has determined its profit-maximizing level of output and must now decide how to allocate total output between the two firms. Assuming firm A''s marginal costs are less than firm B''s marginal costs, should firm A produce a smaller share of total output than firm B? Explain.
Q2. In oligopolistic markets, price competition strategies are usually destructive. The text''s discussion of the airline industry, the soft drink industry, and the doughnut industry reveals a common theme when it comes to the types of competitive practices firms in each industry engage in to avoid price competition. Explain how they compete for market share and what advantage does this type of competition offer firms? Provide another example from the UAE or any other economy explain how the firms you chose compete for market share.
Locate a news article about an issue that has been addressed in Weeks 1 through 3 (e.g., poverty, pollution, etc.) in order to conduct a meta-analysis of the author's economic perspective of the selected issue.
A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; in the golf, tennis, summer, and hiking.
The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:
Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that al..
Create a list of three best practices to follow in the field of managerial economics and globalization. Provide a rationale for your response.
questionthe following exchange comes from testimony given by the governor of the reserve bank of australia glenn
Does either hospital have a dominant strategy (or any dominated strategy)? Assuming that they determine their strategies independently of one another, what are the hospitals' respective Nash equilibrium strategies? Explain why.
From the scenario, examine the major implications for firms entering into a merger. Develop key guidelines to follow when creating the terms of the merger in order to benefit all parties concerned. Examine two (2) organizational forms of business (e...
where q is quantity p is the price n is the average nielson rating of television programs during which sei advertises
According to the profit-maximization goal, the firm should attempt to maximize short-run profitssince there is too much uncertainty associated with long-run profits.
An unprofitable company has employed me to determine whether they should shut down there unprofitable operation or not.
College A is planning outsourcing their groundskeeping. They have been given a bid from Groundskeeper Willie for $250,000 a year, with the claim that he will keep school grounds in the same condition they are in now.
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