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Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
(a) What will happen to the equilibrium output and price of coal, and why? (b) After the cartel is operating, are there incentives for the individual firms to cheat? Why? (c) Does the possibility of entry by all potential firms make a difference in the behavior of the cartel?
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
An essay on Market imperfection associated with negative externalities.
Problem on standard deviation
Describe the effects of monetary policies on the economy's production and employment.
Dr Leona Williams a well know Plastic Surgeon, has reputation for being one of best surgeons for reconstructive nose surgery. Dr Williams enjoys a rather substantial degree of market power in this market. She has estimated demand for her work to b..
What is the profit-maximizing price-output combination and what are the levels of the profits and consumer surplus at that point? What is Dead-weight-loss?
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encouraging entry.
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
Overview of the project's objectives and scope
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