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1. If there is no Nash Equilibrium, what could be other possible strategy for an oligopoly firm so that it can be better-off?
2. Why is it that there is an incentive to collude with other players in the oligopolistic market structure?
in a proposed cost cutting exercise a firm offers its workforce the following deal a cut in regular wages but a
The government decides to add a 2$ tax per hockey stick sold to be paid by the buyers. Determine the equilibrium price and quantity both before.
You are a super smart profit-maximizing firm in a competitive market currently producing 100 units of output. What is the firm's average variable cost
Now, suppose a public project to clean up the beach improves water quality from 0 to 2 units (thus, q = 2). The estimated benefit of the project
Determine how a policy will change social welfare, changes in individual utility for high-income individuals are weighted more heavily.
Assume that policy makers are pursuing a fixed exchange rate regime and the economy is initially operating at the natural level of output.
The term liberalism, when applied to governments, is very different from the term liberal in America. Where liberalism implies a limited government.
Assume that borrowers are not very poor, in that they have some collateral, but they are nevertheless suffering from financial exclusion.
The United States has had an embargo on trade with Cuba for over 50 years, but pressure is increasing to relax it. Opponents of ending the embargo argue.
Compute the price elasticity of demand for paint and show your calculations. Decide whether the demand for paint is elastic, unitary elastic, or inelastic. Explain your reasoning and interpret your results.
2) Due to expanded growth in a certain portion of the city, a new waste truck capacity is needed. An additional truck can be purchased now to replace the presently owned assets. The city uses a 5% interest rate for project evaluation. It is eco..
You are pension fund manager with a problem. You are constrained by regulation to hold 50% of your pension portfolio in shares, but you are very worried about a stock market crash and would like to hold only riskless bonds. You are not constrained..
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