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Explain what could happen in the future with each of these trends below and come up with three(3) more trends not listed and do the same analysis for your three additions.
Trends to Watch
• Rationing
• Comparative effectiveness research
• Quality measures
• Baby boomers
• Natural remedies
• Birth rate
• Pay-for-performance
• The uninsured
• Defined contribution insurance
• Virtual MCOs
• Use of the World Wide Web
• Personal responsibility
Identify a person in an organization, or event(s) that should be given credit for the relatively low, stable rate of inflation we've had in the United States since the late 1980s?
As part of the preparations for the arrival of a hurricane, NC residents sought to buy electricity generators. As a result, you expect that in NC
Now assume that there're five firms in the industry, and that they collude to set the price. What price will they set? What will be the output of each firm? What will be the profit of each firm?
Think that the following data for a simultaneous move game. If you advertise and your rival advertises, you each earn $5 million in profits.
With respect to price elasticity of demand, create a graph using the information in figure 1. Illustrate the ranges on demand curve that indicate elastic, inelastic, and unitary elasticity.
Explain why are prices usually higher for goods or services in London as opposed to Newcastle, or New York as opposed to San Fran?
Explain the difference between the demand curve facing the monopoly firm and demand curve facing the perfectly competitive firm.
Find out the Marginal Revenue and Marginal Cost
Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.
How is the equilibrium price determined? What happens if the price is above the equilibrium price? What happens if the price is below the equilibrium price?
Compute the pre-merger HHI measures for each market. How would a merger affect the market's HHI?
Does microeconomics apply to every nation in the world. Explain your reasoning. and explain the specifics of any cases or examples you use and the implications of similar on local citizens of that country.
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