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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.
Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are
Identify and explain the main sources of destructive fires and associated preventive measures.
Factory is a bathtub with 50 gallons capacity, drain is outlet to market and can output 3 gallons per hour. Faucet is raw material input and allows materials in at a rate of 4 gall
Globex
Least Cost Methods ( LCM): The NW corner rule describe earlier consider only the availability and supply requirements in making assignments'. It take no according of the shipping
Discuss three (3) major challenges that typically users face in building and/or using information systems AND elaborate the ways to overcome those challenges
Could someone please explain how the objective function value would change when the right hand side value changes? For maximization questions: For a positive shadow price, an incre
Imagine that you are the product manager for a new electric car similar to the Chevrolet Volt. Using all of your knowledge of the new product life cycle, speculate on the stages
Priorities for Improving Customer Satisfaction - Operation Strategy The graphical presentation in this figure (adapted from Johnston, 1997) shows clearly the opportunities for
Describe the organizational (Starbucks) buyers and consumers of your product or service and the factors that influence their purchasing decisions. Discuss how these factors will af
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