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"Because firms in any industry can always make greater profits by colluding, there is an inevitable tendency for competitive industries to become cartels over time." Is the first part of this statement correct? Is the second part? Explain.
Examine whether or not US consumers should boycott or increase in the purchase of these goods and the effects that boycott or increase in purchase would have on the workers.
Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run and Fed instead maintained the money growth rate from part A, what is likely to happen to inflation?
Elucidate which economic concepts, sure as comparative advantage, apply to your firm. Explain how these economic concepts can be used to address the firms's problem and opportunities.
Illustrate how you would use the rest of the information above to better assess the impact of the influx of immigrants.
An industry consists of two firms with identical costs C(q) = 5q +q2=2. The firms can either collude or compete. If both collude, they each produce qm (half the monopoly output Qm). If one rm colludes and the other competes, the latter produces th..
What problems usually cause cartels to collapse? How was able to avoid this fate? At least through mid-1980s?
Why is the demand for a Mercedes more elastic than the demand for all autos? Be sure to list at LEAST two reasons for this and explain them.
Zachary's gross salary is £2,080 per month. In April he paid income tax of £270, trade union contributions, plus 4.5% of his gross salary in pension contributions. His total deduction from gross salary is £390.
At this level of real GDP, consumption will be $___, and savings will be $___. If GDP were to increase by $1000, consumption would increase by $___. (round your responses to the nearest dollar.) At a real GDP levelof $6000 the average propensity to..
If Joe's income is $5,040 a month, and the price of goods X1 and X2 are $45 and $5 respectively, derive the following: A) The quantity of X1 and X2 that maximize Joe's utility B) The maximum level of utility Joe receives.
Discuss the impacts that entrepreneurship and creative disruption have on existing organizations and the workforce (i.e. machines replacing workers, new skills required due to technological innovation, etc.). Should entrepreneurs be concerned with..
1. Give an example of the use of physical separation for security in a computing environment. 2. Give an example of an object whose security level may change during execution.
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