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DeGroot’s “stock market scam,” in which multiple predictions are sent to different potential victims, works because of —————.
A. network externalities
B. selection effects
C. the regression effect
D. the endowment effect
E. the ideomotor effect
Two firms are playing an infinitely repeated Bertrand game, each with the same marginal cost 20. The market demand function is given by P=150-Q. The firm who charges the lower price wins the whole market. Describe the trigger strategy that can be use..
The Aetna's decision is a bad business strategy (bad blood) or one based upon vengeance and intimidation? If it is the later, what should government do about it? Remember to use the invisible hand theory. Aetna Warned it Would Withdraw From Exchanges..
You are pitching a marketing proposal to a company that sells electronic equipment. For a particular product line, their current sales price is $20 per unit, cost is $9 per unit and they have $20,000 in fixed costs associated with this line. Calculat..
A town of 200 individuals that drives SUVs. 200 on average burn a gallon of gas every 18 miles. At 15,000 miles of travel what is the impact of driving this vehicle? The town became environmentally conscious and switched to hybrid SUVs in order to ge..
An article in the Chicago Tribune stated that in 2007, college costs rose faster than inflation and student aid. A report by the College Board found that average in-state tuition and fees at four-year public universities rose 6.6% to $6,185. What wou..
Explain how externalities, public goods, and asymmetric information are all problems with private property rights.
The republic of Oakland is recovering from a financial crisis that resulted in a fall is the GDP growth rate and widespread unemployment. The prime minister has set up a crisis Recovery taskforce to discuss measure that will receive the economy. Whic..
Why the coming recovery will hurt like hell? What do you need to know about globalization? What is the best way to prepare for your future so that you can better deal with globalization?
With QEs being conducted by European and Asian central banks, explain what effect a U.S. policy of increasing interest rates will have on prices of U.S. stocks and Treasury bonds and the dollar exchange rate with Euro, yen and yuan?
Consumers are willing to pay p(x)=100+x+.001x^2 dollars per item when the quanity is x, with 0
In the following examples, name the factor that affects demand and describe it's impact on your demand for a new cell phone.
Explain dualism from he perspective of Descartes. Why does he think that the mind and body are not made of the same "stuff"? Do you find any of his forms of argument more or less convincing? Why
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