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What are the arguments used to justify the blocking of imports in a country?
Suppose the marginal social cost of television sets is $100. This is constant and equal to the average cost of television sets. Calculate the losses in well-being each year that would result from a law limiting sales of television sets to 100,000 per..
Gordon also works 5 hours a week for the economics department to maintain that departments web page. Illustrate the economics department pays gordon $20 per hour.
For the past few years, Cuban baseball players have been leaving their country illegally to play professional baseball in the United States. (Ex. Yasiel Puig, Rusney Castillo, Jose Abreu). What laws in Cuba are restricting them from leaving legally? ..
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition.
The characteristics of market structure make quality competition more likely than price competition? Which type of competition is more desirable from your viewpoint? Discuss.
Need help solving equilibrium price and quantity for Econ 550 class. I am having problems computing.
The suggestion that a seller will try to set price based on “what the market will bear” is explicit recognition of the constraint imposed by:
Peach Power, the state-owned electric company in the Federation of Peach, failed to fulfill the equipment contract it has with X Corp, a Brazilian company. The London Court of Arbitration has granted an arbitral award to X Corp that requires Peach Po..
Lisa Murphy sees a painting for auction in Japan that is expected to sell for ¥5,000,000. How much money in dollars will that be at the exchange rate at the start of this week? Be sure to check exchange rates when you do this problem. Tell where y..
Frequently result from radioactive transportation accidents due to the large number of such shipments
Some argue that emerging markets offer "the biggest growth opportunity in the history of capitalism". Do you agree? Please support your argument.
What would have happened if there had been no laws against price gouging and the price of gasoline immediately after Sandy had hit $50 per gallon?
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