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Why does the Department of Justice NOT investigate and block the many mergers of large firms that have occurred recently in oligopolistic industries such as the cellular phone industry and the airline industry that obviously lessen competition?
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner
Suppose all your friends offered to help wash your car. Would marginal physical product of labor decline as more friends helped? Why or why not?
The following diagram shows what happened to the relative wage and relative demand for skilled labor in the U.S. manufacturing sector during the 1990s.
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
Suppose the government imposes an ad valorem tax on coal producers of 7% of the sale price. What is the deadweight loss from the tax
Ben needs cash fast and has asked Lucy for a loan. Ben will willing to put up his PlayStation as collateral. Lucy has determined after a quick Internet search that Ben's PlayStation is worth $300. Based on an Experian credit report, Lucy has deter..
Suppose that the Fisher hypothesis holds for an economy that an expected real interest rate of 2 percent. For each of the expected inflation rates of 0, 2, 4, 6, and 8 percent, calculate the nominal interest rate and after tax expected real interest ..
Using the principles of third degree price discrimination and profit maximization with third degree price discrimination, please solve the below problem:
How can an increase in taxation decrease the gross domestic product measured?
(a) Identify the optimal price and quantity for the monopolist. Illustrate your answers with a suitable diagram. (b) Identify the profit and the consumer surplus of the monopolist at the optimal output.
Calculate the slope of the AD curve - Explain why the AD curve has the slope you calculated as a result of the "wealth effect".
If the Federal Reserve System wanted to tighten the money supply, the most powerful combination of actions would be to a. raise reserve requirements, lower the discount rate, and buy government securities b. raise reserve requirements, lower ..
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