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Please elaborate on the below questions and statements.
Control over price and an oligopoly leveraging it can be a problem, just look at what happened to the price for insulin.
When one airline increases fares or adds a new fee and other other airlines do the same thing without directly talking to each other, what form of collusion is this and is it generally legal or illegal in the United States?
A U.S. government bond matures in 10 years. Its quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond’s face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bonds..
Suppose an economy can produce physical capital goods and consumption goods. Currently, the economy is employing all of its resources to produce a combination of physical capital goods and consumption goods. Explain what is the economy’s opportunity ..
Suppose you can hire 10 workers for $12 each, but to hire the 1 worker you will have to pay all your workers $15 each. What is marginal cost of hiring the 11th worker. explain what would happen to prices in a market equilibrium if there is an increas..
Economically speaking NOT SCIENTIFICALLY SPEAKING. In a short-half page response. What are some of the realistic alternatives to OIL for home heating and hot water, for electricity and for fuel and lubricants for cars?
When the Smith family lived in Japan they consumed 4 lbs of rice per week and 2 lbs of potatoes per week. When the Smith family lived in Germany their consumption drastically changed to 4 lbs of potatoes per week and 2 lbs of rice per week. Although ..
Describe the major components of the promotional mix and how the healthcare organization might use these in its promotional plan.
The personnel manager has read an article about the vulnerability of transmitted information/data over a company network operating system. She is now somewhat concerned over the safeguarding of organizational data.
Systems to predict food shortages also need reviewing: early warning systems are of limited use without an effective response from policymakers. How will CAADP work when or initiatives have failed in past.
When will the society be better off not permitting production of a particular good?
How would a marketer handle or retain a customer that is price sensitive or the bargain hunter?
A book printing company operates under zero-profit condition in a competitive market. Suppose this company invents a new production technology which reduce its average total costs in the process of printing. If the new production technology is protec..
Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman inde..
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