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Explain why oligopolists have an incentive to collude or form a cartel and Explain why oligopolists in a collusive agreement might have an incentive to renege on such an agreement.
The graph below shows the demand and supply curves of the market for gasoline as well as the wedge that the tax creates. Explain how much is the total tax revenue.
Which of the following is true regarding a constant cost firm?
How each market participant cares only about their own self interest rather than about the overall efficiency of resource us
If there is a negative price shock, what will be the effect of countercyclical monetary policy on output and inflation. When will these effects occurred if there are time lags. What is the fed's goal in using countercyclical policy?
what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.
What is the dollar value of the invoices in exercise 13 if the dollar: a. depreciates 10 percent against the Australian dollar b. appreciates 10 percent against the British pound
Based on your answers in a also b, how can you reconcile the president's statement with economics. Can you suggest how his statement could be modified to be consistent with the IS-LM model.
After reading the short story, "The Fatal Equilibrium," use the Mundell-Fleming model to explain precisely how the inspector figured out who the murderer was.
q. the following is a report from a not-very-efficient bls survey taker there were 90 people in the houses i visited.
Suppose that a company invents a better machine for mixing the ingredients to make chocolate candies. What would happen to equilibrium price and quantity in the market for Godiva chocolate? Be able to draw the graph that illustrates your answer.
q.describe the following terms in your word.bull gross domestic product gdp bull real gdp bull nominal gdpbull
If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run Illustrate what will happen to aggregate demand, the price level, and real GDP in the U.S..
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