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Question: 1. Explain why an oligopolist (with few competitors) pays more attention to what its competitors are doing than a producer in a competitive market (with many competitors) does.
2. If a market has few barriers to entry and many firms, how might firms still have positive economic profit? Describe a strategy a firm in this type of market might use to maintain economic profits.
your job is to predict the total revenue generated by the nations corn crop. last years crop was 100 million bushels
The policy trilemma: One could make a reasonable case that the United States in the past decade has been able to achieve all three goals of the policy trilemma.
Monopoly, standard case. Suppose Kaiser Permanente holds a monopoly on health services in the Oakland area. Its total cost of providing health services.
for canada the demand pressures generated by the u.s tax cut and the spill-over effects of increased u.s defence
The Rainspout Irrigation Company has a rain gate that is currently being manufactured using a plastic extrusion process and an assembly line using manual labor.
The Sandwich Co., whose earnings put it in the 46% combined state and federal tax bracket, is considering purchasing a piece of food-handling equipment.
What are the major internal and external factors involved in feeding? How do they work together to control food intake?
consider that following short-run production function where l variable input q outputq 10l - 0.5 l2suppose that
The government dislikes smoking, and likes tax revenue. If they wanted to increase the after-tax price to $10 per pack, what size of excise tax must be placed on sellers? How much revenue will it raise? What will be the Deadweight Loss?
consider the following utility function uxy min 3x xy 2y. sketch the indifference curves and show where the corners
Have increases in food prices had an impact on you and your family? How much do you spend on food each week? How about each month?
Redstone Clayworks, Corporation is located in Sedona, Arizona and creates clay fire pits for patios. They are one of about two dozen companies around the world that produce and sell clay fire pits for retailers such as Home Depot Lowe's Front Gate
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