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List five oligopoly industries/firms whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition? Under what conditions might an oligopoly look more like a monopoly? A monopolistically competitive industry?
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
How is it that higher tax rate can increase tax revenue in some cases, but a higher tax rate can decrease tax revenue in other cases? Relate this to the price elasticity of demand. (Excise Taxes)
Evaluate and compare the "vertical restraints" of the two industries / sectors for the purposes of assessing the consequences of these provisions for strategic decision making.
Steers, R., Sanchez-Runde, C. J., & Nardon, L. (2013) note working with global organizations, managers should strive to understand the subtle—and not so subtle—rules of behavior within organizations. Understanding the general behavioral patterns of a..
Assume that skilled wages are twice that of unskilled wages, and that half of the population fits into each category, skilled and unskilled. Graph the Lorenz curve and calculate the gini coefficient.
Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.
The following events have their initial impact on which of the following: aggregate demand, short-run aggregate supply, long-run aggregate supply, or both short-run and long-run aggregate supply? Do the curves shift to the right or left?
Find the critical elasticity of demand for an SSNIP equal to 5%. How does this compare to the prevailing (Cournot) elasticity of demand?
"Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards." Do you agree with this claim? Explain, using the Solow model.
Suppose Mayor Strange comes to you and asks you whether or not Montgomery should bid for 2024 Olympics. He says that a group of economic consultants has said it will be a major boon for Montgomery’s economy. What kind of things did they likely claim ..
q1. is it advantageous for all countries to utilize cheaper labor or does importing your goods back to the u.s. still
What should she charge per bus to maximize her profit? What would her profit be?
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