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1. How many bookstores are on or near your campus? If there were more bookstores, how would the price of new and used books be affected?
2. What entry barriers exist in (a) the fast-food industry, (b) cable television, (c) the auto industry, (d) illegal drug trade, (e) potato chips, and ( f ) beauty parlors?
3. Why does RC Cola depend on advertising to gain market share? (See News, p. 244.) Why not offer cheaper sodas than Coke or Pepsi?
Now suppose that the two firms have decided to merge to take advantage of economies of scale that will drive long-run average cost down to LAC = $50 per unit for the merged firm. With no other rivals, the merged firm will act as a monopolist. Dete..
How do local zoning ordinances try to promote land uses that generate external benefits for neighbors Why have authorities found it so difficult to regulate the fishing in the open ocean to allow for a sustainable yield
britain is proud of its national health service nhs. in 1948 the national health service act stipulated that the
Business proposal for your chosen good or service. Include assumptions about the elasticity of demand and the market structure for the good or service.
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The discussion between the effect and price of advertising goes back to many years in the starting of twentieth century. There has been constant debate since than that whether advertising decreases or increases the market price.
What is a decision rule? Why do we need it and how is it developed?Define and describe Type 1 and Type 2 errors - which, in your opinion is more egregious?
Presume the interest parity condition holds and that the domestic interest rate is greater than the foreign interest rate. What does this imply about the current versus future expected exchange rate? Describe.
Suppose the demand for apartment rentals in Los Angeles is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in LA? Suppose the government imposes a price ceiling of $150. What..
How might freeing up dead capital have helped to increase Mongolia’s rate of economic growth? What kind of investment would foreign residents undertake if they were to purchase a small fraction of the shares of stocks owned by Mongolia’s residents?
1.the following information is available for an economyconsumption functionnbspnbspnbsp nbspnbspnbspnbspnbspnbsp c 220
What role can the government play in reducing the emission of greenhouse gases? What role can individuals play? If you were the economic advisor in the government, what economic measures would you suggest to tackle global warming?
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