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Suppose that the most popular car dealer in your area sells 20 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area?
In that same situation, what would be the largest possible four-firm concentration ratio?
Country Z is a developing country that is facing problems of deforestation.
Illustrate what is the difference among the Marxist also the Value Conflict approach to social problems
Discuss some of the decisions that you must make in the short run and what might you consider to be your "fixed factor"
Explain why an industry in a perfectly competitive marketplace would choose to remain in business, if its profit is zero at equilibrium.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low.
A street vendor reduces the price of gelato from $3.50 to $2.75, the number of gelatos sold per day rises from 600 to 750. What is the price elasticity of demand for gelato?
Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars
In customer theory there are some useful analytic results that can come from studying homothetic utility functions of consumption for each.
Suppose that MC=4q, where MC is marginal cost. The perfectly competitive firm maximizes profits by producing 10 units of out output. At what price does it sell these units.
Elucidate what impact will this change have on the price level, output, and employment in the short run in the United States.
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition, monopolistic competition, collusive oligopoly.
Oligopolies are always bad for society. The beer industry has a few large firms and many small firms; therefore we would not call it an oligopoly.
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