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(a) What is market concentration and how can you know whether a market is concentrated or not?
(b) What are the causes of market concentration?
(c) Are business mergers good or bad for the economy? Explain why?
xplains with aid of a diagram, effect that such legislation will have/has had on equilibrium price and quantity of labour employed. Also illustrate what can be done to alleviate/remedy any problem that may rise from above laws.
How have financial innovations increased the liquidity of home mortgages since the late 1970s? Has this increase in liquidity tended to increase or decrease the interest rate on home mortgages? Explain why.
Illustrate the total price of production (including the cost due to environmental damage) at the unregulated equilibrium quantity of 400.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
At a product price of $52, will this firm produce in the short run. Illustrate what will profit or loss be. Complete the following short-run supply schedule for this firm.
how should he change his bundle to reach his optimum? Explain your answer using the marginal utility condition at the optimal choice.
Illustrate what would be effect of policy described in part (c) on economy's stability over business cycle.
Explain how can each of the 10 principles be applied in an example or expeerience with which you are familiar.
it can sell its output for $25 each. Illustrate what is break-Explain how your work both graphically and algebraically.
Suppose you can collect country level trade flows and GDP data. Explain how can you verify monopolistic competition model with data. Illustrate what do you expect is impact of transportation costs.
If a contractor decides to deviate from this agreement, what would the optimal deviation be?b. Suppose that M = 10 and C = 1. For which values of "delta" is this a subgame perfect equilibrium of the infinitely repeated game?
The salvage value at the end of five years is 0. The potential revenue in any given year is independent of any other year. Determine the mean and standard deviation of the present worth, using an interest rate of 12%.
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