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Choose a good or service that is supplied by a small number of oligopoly firms. Gather information on the good from public sources, library databases, etc. to answer the following questions:
a. Who are the leading firms and what are their market shares? Compute the concentration ratio for the relevant market.
b. What are the most important decisions (price, innovation, advertising and so on) on which the firms compete?
c. What has been the history of entry into the market? What kinds of barriers to entry exist?
No two industries may match exactly and it’s first posted, first served so pay close attention to the discussion board before you spend a significant amount of time on your research. Duplicate industry choices will be deleted and it will count against your discussion grade if you’ve not made an original post.
Identify where a trademark is registered, what one should do when requesting registration and what the governmental office involved would then do. Identify circumstances under which a trademark will not be accepted for registration.
Assume Al and Bob are fans of the Chubs. Their willingness to pay for Chubs’ preseason and regular-season games is noted below. Pre-Season: Al = 200 Bob = 300 Regular-Season: Al = 800 Bob = 600 If the Chubs were to sell the pre-season and regular-sea..
Compute most favorable output also profit for each firm and the market price. Also, compute the resulting profit of cartel.
Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. He has $12 to spend on these drinks on a day. Show his budget constraint..
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
Suppose the interest rate lowered to 3.75%. What would be the market price of the bond.
q1. a express total profits pi in terms of q.b elucidate total profits maximized at which level of output? what price
q1. short run profit maximizingthe producer of high-quality flatbed scanners is tiresome to decide what price to set
Finally, analyze the strengths of the moral solution presented by your chosen ethical theory in ways that demonstrate how it is superior to the moral solution offered by the other ethical theory.
Many argue that the Affordable Care Act didn't go far enough and think a single payer system would have benefited citizens more. This would take employers out of the equation and eliminate the employer mandate. Discuss the pros and cons of removing e..
Suppose that doctors’ visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors’ visits and a composite good that costs $1 per unit. Draw a graph that illustrates the consumer’s budget constraint..
The Fed wants to increase the money supply (which is currently 4,000) by 200. The money multiplier is 3. For each 1 percentage point the discount rate falls, banks borrow an additional 20. Explain how the Fed can achieve its goals using the following..
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