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A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular, collegiate and professional sports teams have been given legal authority to cooperate to limit competition (in business, not in athletic competition). Many other industries would like similar permission but most firms are not allowed to legally cooperate to restrain competition. Does there seem to be a public interest in the special permission for the athletic industry or does this appear to be a case of unfair advantage at the expense of consumers?
Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions
Elucidate which economic concepts, sure as comparative advantage, apply to your firm. Explain how these economic concepts can be used to address the firms's problem and opportunities.
Assume you are looking at data for an economy that uses only two inputs, physical capital and labor. The table shows output for different combinations of labor.
An industry consists of two firms with identical costs C(q) = 5q +q2=2. The firms can either collude or compete. If both collude, they each produce qm (half the monopoly output Qm). If one rm colludes and the other competes, the latter produces th..
1. in april 2009 the u.s. unemployment rate was 8.9a. according to one version of okuns law the gdp gap is twice the
The firm need a combination of one unit of capital and two units of labor per hour to make ten units of output. The technology is such that an increase in labor has to be accompanied with an increase in capital, and a decrease in labor has to be a..
1. a innocent a first year business student wonders why one should consider scarcity and choice as basic problems in
President Chavez Venezuela said he is going to not sell oil to the United States. What will happen to the price and quantity of gasoline in the United States?
The Company IIE Inc. is considering upgrading their distribution center (DC) and have received investment proposal from four different vendors. The budget limitation for the investment is $1 million. The investment proposals are listed in Table 1...
Suppose that consumption schedule for a private open economy is such that consumption C=50+0.8Y. Suppose further that planned investment Ig and net exports Xn are independent of the level of real GDP
chrissy purchases food f and other goods y and has the utility function ufy-fy with mufy and muyf. her income is 12.
This solution will focus on the negative impacts of NAFTA from two main fronts: the negative impact on trade and negative impact on employment.
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