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Problem: The Seventh Circuit's opinion and the book's discussion of JTC Petroleum highlight how colluding firms can employ exclusionary conduct to prevent erosion of their cartel by non-participating rivals. Suppose instead that there were only two road contractors: Piasa, a dominant firm, and JTC, which did not want to charge as high a price as Piasa would like. Suppose further that Piasa acted alone in soliciting the asphalt producers to refuse to deal with JTC, in order to raise road contracting prices. Would the economic consequences be any different than if Piasa were acting together with other members of the road contractor's cartel to exclude JTC? If not -- if the economic harms from exclusionary conduct by a dominant firm would be similar to the economic harms from exclusionary conduct by several road contractors working together -- should antitrust law treat the two situations differently?
The second graph should show the situation for two women who have the same valuation of nonmarket time (shadow wage) but different market wage rates, again with one of them choosing to work in the market and the other choosing.
Describe an industry that you believe is in stage 2 of the industry life cycle. Provide evidence that supports your analysis.
rajs utility bundles of x and y is given by uxyxya. fill in the table with rajs utility for the corresponding bundlesx1
What kind of market does the global automobile manufacturing industry resemble today and why? Pure Competition or Monopolistic Competition?
If all of the farmers who produce oranges get together and make a deal with the government to establish best price and output levels for the orange industry such that profits are maximized for the entire industry, what would the profits look like on ..
Suggest at least one (1) method by which capitation rates are set for health maintenance organizations in Medicare. Provide one (1) example of an HMO with these types of set rates order to support your response.
points on demand curve priceper ounce quantity ounces per showd
Explain the following statment: "A monopolist can control the price or the quantity sold, but cannot control both."
Difference between voluntary and involuntary manslaughter
Name 5 areas or programs of local, state, or federal government that you believe need improvement. Why are they problem areas?
a business must be able to adapt to the market conditions in the host country. find an example of a u.s. firm
Why did the October 1929 Stock Market Crash happen? (Crashes have happened before and afterwards). Why is 1929 so important and studied? Is the crash related to the depression that followed and how?
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