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What is the Sherman Act? Why did it come into being? What kind of joint and unilateral activities are illegal according to the Sherman Act? Give three examples each. Explain for each of them why.
Why would firms want to prevent arbitrage when they engage in price discrimination? Name and explain four strategies firms can use when they try to prevent arbitrage?
A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment (adjusted basis) during each year ..
q1. assume the unit cost for pogo sticks is 40 in north pogo as well as 8 in south pogo while the current exchange rate
Suppose that you are trying to decide whether to spend 4,000 on stock issued by WildWeb or on a bond issued by the same company.There is a 50 percent chance that the value of the stock will rise to? 8,800 at the end of the year and a 50 percent chanc..
The price of gasoline is $2.50 per gallon at the closest gas station, but is only $2.30 per gallon at a gas station two miles away. By driving to the farther gas station, opportunity cost is:
Which of the following best describes the relationship between China and Japan in the 1600s? From the mid-1500s to 1830, the largest group of immigrants to the Americas consisted of. What was the leading Russian export that traveled on the Inner Eura..
When looking at firms, you will find that the level of competition is very important. How do you think that firms will change decisions that they have to make based on the barriers for these firms?
Suppose that an individual has a utility function U(c) = c 1=2 : They have 400 dollars. With probability 0.1 they get sick, which results in complete loss of their wealth (their wealth becomes 0. a. What is their expected wealth? What is their expect..
Development economists consider the phenomenon of child labor as an example of ‘bad equilibrium’. Discuss briefly any two alternatives to a complete ban on child labor.
Economics has a notoriously bad reputation among students. They assume it will be dry, boring, and not relevant to their lives. They also think it's hard because the course content must be understood rather than memorized. Why do you think economics ..
Two brokers at Morgan Stanley: Bob and Simon are comparing their performance last year. Bob averaged a 19% rate of return on his portfolio, while Simon averaged a 16% rate of return. The beta for Bob’s portfolio is 1.5 while the beta for Simon’s port..
Does the company behave like a monopoly or more like a competitive firm? Has the monopoly been cited for monopoly behavior?
What happens to total welfare? Be sure to include the concept of deadweight loss in your explanation.
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