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Suppose, a very few companies produce high-quality goods and services and they attract only with prices and image of their brand achieved by the successful marketing strategies advertising the company and its production from the most favorable sides. The firm, which has attracted the biggest number of customers can be called the leader is the competition and the leading company dictates the further development of products, new means and ways of advertising and broadening of the choice of production and finally it dictates the pricing policy in its sector.
China's entry into the World Trade Organization (WTO) is likely to create more competition between local also foreign firms also provide China greater access to the marketplace for export.
q1. you have been contracted by an economic consulting firm to determine the economic structure and possible future
“When the Fed makes an open market purchase of government securities, the quantity of money will eventually decrease by a fraction of the initial change in the monetary base.” Is the previous statement correct or incorrect? Explain your answer.
When tolls on the Dulles Airport Greenway were reduced from $1.75 to $1.00, traffic increased from 10,000 to 26,000 trips a day. Assuming all changes in quantity were due to the change in price, what is the price elasticity of demand for the Dulles A..
Rather than the short run effects of decreasing government spending, allow a self correcting economy to bring the model back to equilibrium, the government decides to act to eliminate the output gap through monetary policy. Explain how the government..
She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 8 yen each. How much is Natalie's income per day?
Suppose Lyle's utility function is U= XY + X + Y, X,Y greater than or equal to 0. Determine the optimal quantities of X and Y that Lyle should purchase as well as the maximum amount of utility he will receive at the optimum
For the year 2014 the imaginary nation of Freedonia had a population of 2,800 and real GDP of 16,800,000. In 2015 the imaginary nation of Freedonia had a population of 2,700 and real GDP of 15,390,000. The growth rate of real GDP per person between t..
At the 2014 G20 conference in Canberra, U.S. Secretary of the Treasury, Jack Lew, warned that the euro zone economies face a decade of economic stagnation unless their economic policies change and that the “world economy could not afford a European l..
Draw two markets, one for skilled workers and one for unskilled workers. If the number of unskilled workers is rising due to immigration (both legal and illegal) and the demand for skilled workers is rising, what occurs in the two markets?
Draw a production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today. Also indicate a combination that is..
Arguments against in-kind transfers do not include which of the following?
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