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Recent empirical evidence suggests that the health insurance industry is noncompetitive. Base on various determinates of industry structure, explain why drawing that conclusion makes some sense.
Explain how the impact of asymmetric information can be reduced in the market. Provide a personal example.
q.an economy is described by the following equationsc1800 0.6 y-tip900g1500nx100t1500 y9000a. find a numerical
If the supply of turkeys in particular November (remember Thanksgiving) turned out to be unusually small (few turkeys not size of the bird).
Other things equal, would the formation of a customs union with many members be more likely or less likely to improve welfare for a given member country than the formation of a customs union with only a few members? Why or why not?
An industry has two firms, each of which produces output at a constant unit cost of $10 per unit. The demand function for the industry is q(p) = 1,000,000/p. Give the best-response function for each firm. What is the Cournot equilibrium price for thi..
List three general economic principles that relate to oil prices.
Assume the price of large gulf shrimp is dollar 18 per pound and that the price of hard shell Maine lobster tails is dollar 36 per pound. Your professor uses 1/2 pound of lobster or 1/2 pound of shrimp with various pasta dishes. what is the approxima..
For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.
Discuss economic theory related to the quote above. Be sure to include a definition of exports and the way in which exports.
Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units every hour
a. Calculate the present value of net benefits for the project using the analysts' predictions.
Suppose capital is fixed at 16 units. If firm can sell its output at a price of $100 per unit and can hire labour at $25 per unit, Explain how many units of labour should firm hire in order to maximize profits.
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