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True/False (explain your answer with reasoning or a graph)
a) Is there always welfare loss under a monopoly?
b) Is welfare loss always lower under and oligopoly than under a monopoly?
c) If a game has a nash equilibrium it is a dominant strategy?
d) If a game does not have a nash equilibrium it does not have any equilibrium?
e) If you are a borrower and interest rate goes down, will you become a lender?
f) Does asymmetric information always lead to adverse selection?
g) Do we always moral hazard in insurance markets?
q1. 1. what might be the goal of a museum? of a firm? what are the basic steps in all types of decision making
What is distinguishing feature of dependency theories? What are the policy implications of dependency theories?
Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects of the equilibrium price level and the level of real output.
Consider three groups of Social Security participants – single persons, one-earner couples, and two-earner couples. Discuss the distributional consequences on each of these groups of the implementation of the following Social Security system changes...
With the understanding of fixed and variable costs and what those mean to a business in both the short run and the long run, address the following questions in your analysis: Why does it makes sense for an airline to offer discounted fares to student..
You have $100 to spend on food and clothing. The price of food is $5 and the price of clothing is $10. A. Graph your budget constraint. B. Suppose that the government subsidizes clothing such that each unit of clothing is half - price, up to the firs..
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What does the interpretation of the law in this case suggest to businesspersons who sell products labeled with statements mandated by federal and state law?
Illustrate what is the underlying factor which seems to help clarify whether or not the economy is self-adjusting.
Please provide a graphical example and explaination of what could potentially happen to the number of people employed in an economy if the government were to decide to raise the minimum wage from $7.00 to $15.00; in addition, provide an explanation o..
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