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Q1. Illustrate the basis of tension between cooperation and self-interest in a market characterized by oligopoly. Use an instance of a definite cartel agreement to demonstrate why this tension creates insecurity in cartels.
Q2. Revisit the definition of affirmative action: "Affirmative Action maybe defined as proactive steps to erase differences between minorities and non-minorities in the labor market". Suggest a modified version of the Becker model that includes a policy intervention requiring businesses to proactively hire Black workers. Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
Explain the debate on equal rights, especially as related to marriage, for gay men and lesbians continues. Would you classify this as an issue or as a problem.
If none of the high-cost firms makes a positive profit, how large is n. Elucidate how much profit do the low-cost firms make.
Coupled with $160 annual tax rebate per household. Will the household be better or worse off under the new program.
firms raise capital from investors by issuing shares in the primary markets. does this imply that corporate financial
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
the manager wins with a payoff of 20, and the auditor loses with a payoff of - 20 . If the actions don't match, the auditor wins with a payoff of 20, and the manager loses with a payoff of - 20. Diagram this game and comment on the equilibrium.
determine the macroeconomic effects of the following macroeconomic event when the economy is initially at less than
What do you need to do to handle crisis. SLook at mistaken assumptions described. Why do such assumptions arise, and what can be done to overcome se biases.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Consider a finite set of prizes X and probabilities P on them. Suppose that an expected utility maximizer's preferences > on P have an expected utility show with utility function on prizes u : X->R.
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