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Consider the infinite repetition of the n-firm Bertrand game. Find the set of discount factors Delta for which full collusion (i.e. monopoly pricing) can be sustained by reversion to the one-shot Bertrand equilibrium as a threat.
Hint: This is similar to class notes but for n>= 3 firms (instead of just 2). So just adapt the class notes
You are using a sample size of 15 for your charting purposes. Which of the following is the upper control limit D4 factor for the chart.
The newspaper says, on average, people drink A cups of water everyday. You don't believe the number and go out collecting a random sample of 36 people. The average is 3.8 cups. Assume sigma = 2. Perform a test of significance using alpha = 0.05.
The manager of oconomowoc rock co is under the impression that the average truckload delivered is 4500 lbs. a stockholder contends that this is an overinflated figure to lure new investors. he randomly sampled the records of 25 trucks and found the m..
Briefly explain the different types of Unemployment? What is relationship between inflation and unemployment? A country has 245.9 million of working-age population, out of which 155.5 million are in labor force. From total labor force, 144.2 million ..
where Y is national income, AE is desired aggregate expenditure, P is the price level, AS is the aggregate supply. National income is in billions of dollars.
Discuss the behavioral impact of budgets from the perspective of the cost related budgets and financial statements. How would you control for the undesired.
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users
If their interest rate is 1% per month, what is the equivalent monthly cost for a 3-year lease? What is a comparable monthly lease cost?
Identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the organization's profitability. How did the market structure in which the firm competes affect the firm's decision-making? If the mark..
Explain Cournot competition. Illustrate and explain strategic substition. Illusrate and discuss the operation of the Cournot model as it relates to the empirical evidence regarding 1) price markups over marginal cost and the number of competitors and..
If a state passes a law requiring long haul truckers to use a type of tire not required in other states, a court will apply what test in reviewing whether that requirement will impose, on interstate commerce, an undue burden? the impairment test the ..
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