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Why is P = MC the result of Bertrand competition? Explain in terms of dominant strategies. This is a 10 mark question
HINT: You may use a best-response graph or a pay-off matrix to help your explanation, but neither is required.
Research data sets for the 1 economic concern within the South American country that you have chosen. In a 3-4 page report, answer the following questions.
a. Graphically explain what happens to the reservation wage if someone needs to spend some of their non-labor income on day-care services in order to become employed. b. Graphically explain what happens to the reservation wage if someone experience..
Tariffs are usually imposed in order to decrease imports, but they don't always have the same effect. Please draw graphs that demonstrate how shifts
What characteristics of the industry make it a monopoly and what is the impact of the monopoly power on its customers?
Discuss economic theory related to the quote above. Be sure to include a definition of Labor Force Participation Rate (LFPR) within your discussion.
What are the equilibrium rent and the quantity of housing rented? If a rent ceiling is set at $600 a month, what is the rent paid?
Explain whether the competitive environment in this industry benefits society or not. Is a high degree of market concentration a boon or threat to consumers?
What's your opinion about the Fed policy decision by next FOMC meeting? Do you feel that this near zero interest is necessary one or it is too late for economy?
In one-page describe how the organization's activities did not reflect its written strategic intent and propose lawful actions it could have taken to embrace its written values and achieve better outcomes (support your work with references).
Suppose the demand for a product is given by P = 60 - 2Q. The supply is given by P = 10 + 3Q. If a $10 per unit excise tax is levied on the buyers of a good, what will be the deadweight loss created by this tax.
consider the following cobb-douglas production function for the bus transportation system in a particular
How is it possible that in perfect competition some firms have economic profits equal to zero while others have a positive economic profit. Can they have a positive consumer surplus? Isn't it a contradiction?
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