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True/False/Uncertain and explain why: There is no per-unit subsidy, s, of the 2-?rm Stackelberg follower that would end up having the leader and follower be equal in size.Assume p(Q) = a - bQ, and that both ?rms face constant marginal cost of production and no ?xed costs.
Tom and Jacob are college student. each of them will probably get married later and have two or three children. Each knows that if he studies more in college, he'll get a better job and earn more money. What type of externality arises from studying?
The dancing machine industry is a duopoly. The two firms, Chuckie B corp and Gene Gene Dancing Machines, compete through Cournot quantity-setting competition. The demand curve for the industry is P = 120-Q, where Q is the total quantity produced by C..
q1. think about the electoral competition model with three candidates. extend the model to incorporate that candidates
Describe an example of consumer's causing a product to succeed or fail based on their purchases or lack thereof.
What is the different between interpretation of coefficient in SLRM and MLRM? How does it relate to omitted variable bias? How about a linear versus nonlinear multiple regression model coefficients? (quadratic). What is the role of controls?
Revenue-sharing in professional sports. Assume that there are two grades of professional football players. There are a limited number of “stars,” whom the fans most want to watch, and an unlimited number of “non stars.” There are too few stars to ful..
Many people display something like hyperbolic discounting. Some businesses thrive on supporting this sort of short-term excess. For example, several establishments offer payday loans−short-term loans with ultrahigh interest rates designed to be paid ..
gdp per capita ppp current international for sub-saharan africa and uganda between the years 1980 and 2010.1. for
A life insurance salesperson claims the average worker in the city of Cincinnati has no more than $25,000 of personal life insurance. To test this claim, you randomly sample 100 workers in Cincinnati. You find that this sample of workers averages $26..
Question 1 The accompanying payoff matrix depicts the possible outcomes for two players involved in a game of Rock, Paper, Scissors. If a player receives a payoff of 1, the player wins;
If the base year is 2009, then the economy s inflation rate is
In some states, the criminal who commits a particular crime with a gun will receive a much longer sentence than the criminal who commits the exact same crime (for example, a mugging, a convenience store robbery, or a car theft) using some other weapo..
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