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Suppose that there are 100 symmetric firms each with a constant marginal cost 3 and a fixed cost 4. They first decide (simultaneously) whether to enter or not enter a market. A firm that does not enter get payoff 0. A firm i that enters the market sees the other firms that have entered, play a Cournot (quantity competition) game with the others given a demand Q = 45−P, and earns a profit of P ·qi −3qi −4. Find two subgame perfect equilibria in pure strategy. What are the firms’ profits in these equilibria?
Forecast the demand for pizza in your community for the next four (4) months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast
_causes an increase in the quantity of apples demanded.
When cyclical unemployment increases and other things remain the same, ______. The U.S. labor force participation rate ______.Withdrawals move from employed to not in the labor force. people who voluntarily quit their jobs are colled job leavers.
An easy on "under what conditions would a nation be able to currently produce more of both consumer and capital goods? At least 150 words excluding "a", "an" and "the"
Tina is very particular about her purchases: She only buys hot dogs and soda, and every time she makes purchases she buys exactly three hot dogs and soda. She would never buy three hot dogs without a soda, and would never buy a soda without three hot..
Some say which we should propose an amendment to the U.S. Constitution which would need a balancing the federal budget
The long-term nature of the employment relationship: motivates household members to seek market work in order to earn an income. reduces the sensitivity of wage rates to changes in demand and supply.
It is a common belief that social security benefits will run out in the near future. How can we save social security?
An increase in the market price of men's haircuts, from $15per haircut to $25 per haircut, initially causes a local barbershop to have its employees work over time to increase the number of daily haircuts provided from 35 to 45. What is the short-run..
Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
Explain how much would the combined production of pineapples increase for the two islands due to trade. How much would the combined production of pearls increase.
How does the Average Total Cost (ATC) of the mines in Canada compared to the ATC of the Alabama mines? Sketch the ATC and Marginal Cost of the whole company (include all mines in the graph, the graph has to be approximate, it should give an idea of h..
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