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(a) What is market concentration and how can you know whether a market is concentrated or not?
(b) What are the causes of market concentration?
(c) Are business mergers good or bad for the economy? Explain why?
2) Oligopolists are interdependent firms. (a) What is mean by that? Explain "strategic behavior" and relate that to the "Kinked Demand" model of oligopoly.(b) Explain the importance of mergers in oligopolistic markets. Is there much price competition in an oligopolistic market? Why or why not?
If a monopolist is creating a level of output at which demand is inelastic and the firm is not maximizing profits.
The demand and marginal revenue curves faced by a firm in a purely competitive market. they different from those faced by a firm in oligopolistic competition.
Illustrate what happens in the market for apartments when the government institutes a price ceiling that is lower than the market price. What could be some actions taken by renters and landlords when dealing with a price ceiling.
Microeconomics and macroeconomics: Elucidate the differences among the two and why economics is divided into these two subdivisions.
Using the IS/LM model, demonstrate the effect of each of the following changes.
What are the implications for the design of monetary policy frameworks and what domestic factors does the Report identify as likely to affect the UK economy?
Draw the per capita production function and supporting curves to capture the economy and provide a brief economic explanation of the consequence of lower savings on long- term growth rates.
Manufacturing support also selling as well as administrative costs comprise both variable and fixed costs; fixed manufacturing support costs for the present year
Give three reasons why firms produce in Germany rather than in a lower-wage country.
If the costs of one of the goods rise by 5 percent, Illustrate what will happen to the demand for the other product, holding constant the effects of all other factors?
Starting with the reaction functions of duopolists Cournot solution algebraically.
Illustrate the impact of food stamps worth $100 compared to a $100 cash transfer on Joe's budget set b. Starting this month, Joe would receive food stamps worth $100 per month. How much more food would he buy this month if food on average costs $2..
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