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Since underprice leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves, the followers break even in the long run. True or false? Explain.
as we have discussed the dotcom failures in the early 2000s were in part due to a clear lack of a business plan
Make a list identifying at least ten organisms-at least five plants and five animals-that live in your biome, and describe how these organisms interact with one another
assume that the drug company can negotiate with the us and foreign governments and thus tries to implement the two-tier
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
What is the equation for the Marginal Social Cost curve? Use this to figureout what the socially optimal amount of widgets is. Is the socially optimal thesame amount as you found in part (a)?
Inverse relationship between the price of bonds and the relevant interest rate.
How much output should the firm produce in the short-run, what price should the firm charge in the short-run and what are the firm's short-run profits?
If this firm was under perfect competition, what would be the efficient level of output in the long run?
organizations produce outputs that are consumed by customers. because customers are vital to the organizations survival
The equilibrium price and quantity in a market usually produces allocation efficiency because marginal benefit and marginal cost are equal at that point. Explain how a market for human organs would affect the supply curve and equilibrium price and qu..
Assume an initial exchange rate of A$1=Yen100, and then show numerically how a strengthening $A (assume the exchange rate becomes A$1 = Yen 200), other things equal, is bad for Australian car manufacturing firms.
When the late Francois Mitter and was the president of France, he instituted a number of programs designed to appeal to his “blue-collar” constituency. He raised the income tax rate applicable to the rich and expanded the free, government-provided so..
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