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Consider an industry subject to agglomeration economies. The profit per firm is $120 for an isolated firm and increases to the maximum of $180 per firm in a 7-firm cluster. The profit curve is linear, with a slope of +$10 per firm along the positively sloped portion and -$15 per firm on the negatively sloped portion. Illustrate the determination of the Nash equilibrium, including values for the number of firms and profit per firm.
A deceptive practice is that one that misleads a _______consumer and where the conduct resulted in some sort of detriment to the consumer.
given the tc300004q 0.0004q2 with a constant whole price 20clock. what is the breakeven quantity the profit maximizing
Draw a supply and demand model for one of the Hepatitis C drugs. Show what would happen if supply of the drug increased or decreased.
Discuss the different political patterns among the thirteen colonies. Identify the three major regions: the Southern, Mid-Atlantic, and New England colonies. Sp
Describe Virgin Group's competitive strategy and mount an argument in favor of or against Porter's assertion as it relates to Virgin Group. Does your critical thinking about the firm's competitive advantage bring to mind concerns, or opportunities fo..
Discuss some of the important business issues that can cause legal problems for global marketers.What are some of the elements of a country's political environment can impact global marketing activities?
Is the issue discussed in the article a microeconomic or a macroeconomic issue? Justify your answer.
Today more workers in the US are members of labor unions than any time in our history. Today labor unions are weaker than any time in the last 100 years. No major labor union has called a strike since the 1940s. Labor unions are relatively strong in ..
The Constant Elasticity of Substitution function- Determine the returns to scale of this production function. Find σ, the elasticity of substitution. Express K/L as a function of w/r. How does the relationship between K/L and w/r change when ρ chang..
What changes in sales would you anticipate if you were manager of a Dodge/Plymouth franchise. What is each firm's marginal revenue.
Suppose the Fed decides to use monetary policy to promote real GDP growth. Assume the Fed believes that the long term level of real GDP is too low and will do what it can to continually push real GDP above that level (both in the short run and the..
Use the AS/AD model to describe the effect of each of the following events on the economy of Snezhanka (a fictitious nation). Beginning with the economy in equilibrium carefully show the shift involved and the new equilibrium. Let’s consider the effe..
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