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A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000. The marginal cost is constant and equal to 0.30. The fixed cost is 3,000. Variable cost is 0.30Q. Find the monopolist's profit-maximizing quantity.
(Format: answers must be within 2 of the true value to be counted as correct. Do not include commas or plus signs.)
Interpret what a score of 90% would mean for the four-firm concentration ratio. What are the shortcomings of concentration ratios as measures of monopoly or oligopoly power. What is the meaning of a four-firm concentration ratio.
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1. suppose the marginal costs of reading are consatnt and the marginal benefits of reading declineover time. initially
The complete lung-run model for exchange rate determination posits that changes in the nominal interest rate also affect the exchange rate (E). Recall that the complete model combines the QTM, PPP and the Fisher effect. The simple lung-run version..
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Give and discuss (1) some examples of goods whose production creates detrimental externalities, (2)some examples of goods whose production creates beneficial externalities, and (3) some examples of the free rider problem.
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if the income levels of all individuals are equal the population index of demand for physician services will be
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