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1) characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry. b)Discuss the senses in which a perfectly-discriminating monopolist is efficient or inefficient
2) consider an oligopoly in which the inverse demand function p(∑xi ) = a-b∑xi,a,b > 0,and each firm's costs c(xi)- cxi, 0 < c < a. first, given n, determine the cournot-nash equilibrium outputs, profits, deviation of price from marginal cost, and deadweight loss. Then prove that all of these approach zero asymptotically as n tends towards infinity. Comment on the significance of these results.
Exponential smoothing adds a percentage (called) of last period's forecast to estimate next period's demand
The local Publix Grocery has five regular lanes and one express lane (12 items or less only). Based on a sampling study, it takes 11 minutes on the average for a customer to go thr
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What are individual and group decisions? Individual decisions are taken through a single individual in context of routine decisions whether guidelines are already given. Group
Suggest some possible strategic initiatives that Sigma could pursue to continue its growth
Rules Related to the use the Human Body: R elated to the use the Human Body : a. The two hands should beings as well as complete their motions at the same
Develop a decision tree for the case of a company is operating at full capacity and with product demand rising. The choice is between new equipment and overtime. A 20% rise in sale
I will have an exam which has 100 Questions. I will have just 24 hours to complete it. My question about that is if you can answer them within this time and handle the answers to m
How does the use of music in political play a role in establishing a canadidate's brand?
New Employee Issue You have a new employee who is in his/her probationary period, the first 90 days of employment. The employee has missed several days of work and has been late at
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