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Suppose that Grinch and Grubb go into the wine business in a small country where wine is difficult to grow. The demand for wine is given by P=$360-0.2Q , where P is the price and Q is the total quantity sold. The industry consists of just the two Cournot duopolists, Grinch and Grubb. Imports are prohibited. Grinch has consant marginal costs of $15 and Grinch has marginal costs of $75. How much is Grinch's output in equilibrium?
Roughly speaking, a merger between two firms is legal:
take a country named konowland that has an electoral college system. suppose there are nine small states in konowland
q. each day matt eats lunch at school. he likes only twinkies t and soda s and these provide him a utility of utility
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There exists a debate among monetary policymakers as to the appropriate inflation measure that should be used to guide policies. Four alternatives are the consumer price index, the consumer price index excluding food and energy prices, the personal c..
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
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