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There are 2 firms consider here from 2 different industries. A firm in industry A has MC of production = $100 and they know from historical experience that their Lerner index is 0.3. A firm in industry B has MC of production = $35 and they know from historical experience that their Lerner index fis 0.55. (a) Determine the optimal price that both firms should be charging. (b) Articulate which firm is more likely to earn excess profits in the long run and explain why this is your answer using your understanding of the connection between the Lerner index and industry concentration.
According to the Government (in 1998 suit) what actions did Microsoft use to unreasonably restraint trade and maintain its OS monopoly? Discuss.
Identify the stakeholders in this case. Explain the impact of the fraud on each of the stakeholders. In case 9, Healthsouth: The Rise and Fall of the Scrushy Empire
write a four to five 4-5 page paper in which you1. explain why government regulation is or is not needed citing the
According to the US Department of Health and Human Services, individuals living in rural and isolated areas face special challenges in receiving timely, quality health care (Fact, 2006). Discuss your thoughts on the impact of policies that call for i..
Don Ball is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years. Don has accumulated $150,000 toward his retirement. He is now adding $5000 per year to his retirement fund. What is t..
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Explain why globalization is good for the United States. What are the drawbacks of globalization for our economy? We run huge trade imbalances with two countries. Explain the cause of the imbalances. What is the economist's case for free trade?
Determine how much a car owner would be willing to invest to achieve the new energy efficiency standards of 54.5 mpg. Assume that gasoline sells for $2.50/gallon and the owner expects to receive a 5% return on their investment. The owner travels 15,0..
Explain the behaviour of economics and how its support and criticizes veblen theory (minimum 300 words) please.
Which of the following is one of the differences between the Articles of Confederation and the new Constitution created during the Constitutional Convention in 1787?
Compare and contrast the global marketing strategies of Samsung, Sony and Phillips after listing two or three elements of each company's global marketing strategy.
Why does entry and exit of firms occur in the long run and not in the short run? Using appropriate diagrams, discuss the role or importance of exit and entry conditiontions in a perfectly competitive market? What is the significance of the shut-down ..
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