When firms have different market shares

Assignment Help Econometrics
Reference no: EM131038175

1. Tacit collusion is likely to occur when firms have different market shares. true or false?

2. Suppose walmart buys fresh roses from several hundred small backyard gardeners in California.These gardeners are very likely to be able to engage succesfully in tacit collusion. True or false?

3.Toby operates a small deli in a monopolistically competitive restaurant industry.In long-run equilibrium, the profit maximizing price of the three-meat sandwich is 3$.Price also equals his average total cost.Toby's minimum average total cost is less than $3. true or false?

4. Relying on brand names will always lead consumers to the best consumption choices if they buy the brand name rather than a cheaper substitute. true or false?

5. If perfectly competitive firm chooses its level of output so that the price equals marginal revenue, the value of the marginal product of labor will equal the wage rate. True or false?

Reference no: EM131038175

Questions Cloud

Affordable plumbing contract enforceable : Affordable Plumbing offers to enter into a new contract with Zach at $875 per week. If Zach agrees, is the new Affordable Plumbing contract enforceable? Why or why not?
Perform a country analysis and assessment : Perform a country analysis and assessment of a new emerging market where rapid GDP growth has created attractive investment opportunities
Define positive and negative predictive value : A cancer screening test is being applied in a population of 200 men who were also evaluated through the biopsy of tumor. Define positive predictive value (PPV) and negative predictive value (NPV)
Discuss why you are interested in pursuing an mba : Discuss why you are interested in pursuing an MBA at this point in your career (250 words), why GW -- and the specific program t.
When firms have different market shares : If perfectly competitive firm chooses its level of output so that the price equals marginal revenue, the value of the marginal product of labor will equal the wage rate. True or false?
Convert a companys accounting records to accrual accounting : Adjusting entries are accounting journal entries that convert a company's accounting records to the accrual basis of accounting. An adjusting journal entry is typically made just prior to issuing a company's financial statements.
Problem regarding the fraction of class : A class is answering a multiple choice question with 4 choices what fraction of the class should pick the correct answer if they are not guessing but using their knowledge
How tall is the sail : A triangular sail has a base length of 2.5 meters.The area of the sail is 3.75 square meters. How tall is the sail
Why is the system of legal immigration not working : Is the "immigration issue" one of demographics? Evaluate the chances of a "comprehensive immigration policy" turning away from racial and ethnic quota towards "opportunities not burdens."

Reviews

Write a Review

Econometrics Questions & Answers

  Determine what is the stock symbol

the publicly-traded companies Research in Motion (Blackberry Phone producer) and McDonalds. Using Google's finance page, answer the following questions for both companies: (a) What is the stock symbol On which exchange is this stock traded

  Determine how much do individual firms produce

Industry X has a market demand curve given by the equation P = 100 - Q/100, where P is the market price, and Q is industry-wide output.100 perfectly competitive firms currently operate in industry X. Each of these firms has a total cost function g..

  A producer produces good y using a single input x according

a producer produces good y using a single input x according to the production function yxa where 0ltalt1. the producer

  Forecasting methods or techniques

When the more current observations are more relevant to estimate of next period than previous observations, the naive forecasting method to employ is

  Did the labor productivity ratio increase or decrease

The ABC Company has a large order for special uniforms to be used in an urgent operation. Working the normal two shifts of 40 hours each per week, the ABC production process usually produces 2, 500 uniforms per week at a standard cost of $120 each..

  Derive the equilibrium price, p and quantity q

Suppose that the inverse demand function for renting a beach-front property in Ocean City, New Jersey, during the first weel of August is p=1,000 - Q + Y/20, where Y is the median annual income of the people involved in this market, Q is quantity,..

  Estimate the annual operating and maintenance costs

Growth Fertilizer purchases a gravity settling tank by borrowing the $50,000 purchase price. The loan is to be repaid with four equal annual payments at an annual compound rate of 15%. It is anticipated that the tank will be used for 9 years and t..

  How to select the better system based on bc analysis

A city government is considering two types of town dump sanitary systems, as shown below. Select the better system based on BC analysis at 8% social discount rate (same as MARR). Design A Design B Initial investment $400,000 $300,000

  What is the amount that must be donated each year

An alumnus of WestVirginia University wishes to start an endowment that will providescholarship money of $40,000 per year beginning in year 5 andcontinuing indefinitely. The donor plans to give money nowand for each of the next 2 years.

  What are the one customer in the market for gizmos

Suppose that you are a monopolist who produces gizmos, Z, with the total cost function C (Z) = F + 50Z; where F represents the firms fixed costs. Your marginal cost is MC = 50. Suppose also that there is only one customer in the market

  How would covered interest arbitrage impact the bond

A 1 year US treasury bond yields 0.5% (0.005 as a decimal), and the 1-year euro bond rate is 1.0%. If the current spot rate is € .7565/ $ , and the current 1-year forward rate is €.7465, then which investment offers the highest return

  What bundle is most preferred by la yin

La Yin likes brownies (B) and chocolate bars (C) and is on the indifference curve: U(B,C) = B^2C. Consider the follwing bundles for La Yin. Bundle A B = 5, C = 10 Bundle B B= 3, C= 4 Bundle C B= 2, C= 9 Bundle D B= 5, C= 5

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd