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Question: When OPEC raised the price of oil dramatically in the mid-1970s, experts said it was unlikely that the cartel could stay together over the long term-that the incentives for individual members to cheat would become too strong. More than forty years later, OPEC still exists. Why do you think OPEC has been able to beat the odds and continue to collude?
Would you rather have efficiency or variety? That is, one opportunity cost of the variety of products we have is that each product costs more per unit.
Why did the Global Financial Crisis occur? How might a repeat of such a crisis be avoided?
what are the uses of money? how do commercial banks and federal reserve banks create money? is monetary policy
What is the difference between elastic and inelastic goods?
prepare a fifteen to twenty 15 to 20 slide microsoftreg powerpointreg presentation with detailed scholarly speaker
The copies of the Statistical Abstract that these companies sold were usually identical to those sold by the government, except for having different covers. How could these companies have sold the same book for a lower price than the government di..
What is the cost of the subsidy program in each country - what is the deadweight loss of the subsidy program in each country?
A five-year-old gadget has a current book value of $203,000. It has been observed that the gadget loses it value over time in a manner that can be best captured through the use of the declining-balance method.
Draw a new production frontier for nation 2 showing the rybcznski theorem for doubling for the amount of capital only.
What should be expected to happen in the output market as a result of this development? The equilibrium price and quantity levels will decline.
What is the long-run equilibrium price in this market? Explain intuitively, in your own words, why this is the long-run equilibrium. What is the long-run market equilibrium quantity?
This article belongs to economics is about the telecom industry during the year 2006-2007. It explores the then situation of telecommunications.
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