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Consider an infinitely repeated Cournot duopoly with discount factor <1, unit costs of c>0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor, for which the two firms could successfully collude over the monopoly output and hence share the monopoly profit using trigger strategies
Suppose the supply function is Q=4P^2 and equilibrium quantity=36.What is the price elasticity of supply? What are the steps to find this?
q. we observe that the equilibrium price of a cup of coffee sold in cafes rises but the equilibrium quantity i.e. cups
Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable. Identify possible economic policie..
Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium on a clearly labled graph. Label the equilibrium point A. be sure to include the short-run and long-run aggregate supply. The central bank raises the money s..
A British pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now, with the protection afforded by patent rights, the company has the potential to reap enormous gains.
identify whether each of the following raises labor demand or lowers labor supply includes slowing labor supply growth
question 1a. whatnbsp was the neolithic revolution?nbsp describe carefully what basic changes caused this revolution
both inflation rate and unemployment rate are closely watched aspects of macroeconomic performances of the economy and
Contingency theory can be used by an organization to
How does an increase in an excise tax on cars affect the supply of cars. more cars will be made or fewer cars will be made or else.
1. the owner of a small car-rental service is trying to decide on the appropriate numbers of vehicles and mechanics to
How do you choose between log-linear model and log-log model? How about linear log-linear? And how about linear-log and log-log? Why? How do you interpret coefficients of a A) log-Linear B) log-log c) linear-log model?
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