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1. What is meant by "first-mover advantage"? Give an example of a gaming situation with a first-mover advantage.
2. What is a "strategic move"? How can the development of a certain kind of reputation be a strategic move?
3. Can the threat of a price war deter entry by potential competitors? What actions might a firm take to make this threat credible?
Would this additional spending on advertising achieve the effect of deterring Maytag from entering? Should GE pursue this option?
What would happen to each of the following economic varibles if the government increased the money supply by 20% per year: M1, interest rates, inflation and wages What impact does increasing or decreasing the printing of money have on the economy ..
What does the analysis of the 'hold up' problem contribute to the explanation of the size and scope of firms?
In the 1970s in U.S. cities, air emissions were governed almost completely by prescriptive regulations. One of the problems faced by regulations in large urban areas with air quality well below desirable levels was how to let new polluters into the c..
What is average productivity and What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the productio..
A household allocates its $2,000 monthly income to the purchase of three goods. Prices of these goods are $30, $40, and $20 per unit- Write the household monthly budget constraint.
Explain the circumstances in which a monopolist may encounter a free rider problem and determine the senses in which a perfectly-discriminating monopolist is efficient or inefficient.
greener grass company ggc competes with its main rival better lawns and gardens blg in the supply and installation of
Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 90 - 2PX.
Suppose households become more frugal so that there is a downward shift in the consumption function (decrease in autonomous consumption). Analyze the effects of this change in household behavior on real output, unemployment.
A(n) ____ may offer products that are either differentiated or nondifferentiated. What is the difference in profit maximization between the perfect competitor and all other types of firms?
A payment of $20,000 6 years from now is equivalent, at 11% interest, to an annual payment for 12 years starting at the end of this year. The equivalent uniform annual payment is closest to?
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