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In the United States, why are cartels among firms usually kept secret?
What is "competitive" about a monopolistically competitive market?
What is "monopolistic" about monopolistic competition?
q1. identify at least one important entrepreneur that you would consider an entrepreneurial legend and state why you
q1. assume that an investor is risk-neutral i.e. suppose that an investor always chooses the investment with superior
Draw the complete intertemporal consumption-savings model, and label completely and correctly. You may choose whether your consumer is a borrower or a lender, but state your choice.
Compare and contrast the views of Easterly and Banerjee and Duflo on the relationship between governance and economic development. Which do you find most persuasive? Explain your answer.
If one parent is a carrier and the other parent has sickle cell disease, what are the chances of the offspring having sickle cell disease? Provide reference
The lag that arises because policymakers may not immediately get up-to-date statistics on economic variables is known as the______lag. In case of positive inflation rates, i. both borrowers and lenders of fund lose out. ii. both borrowers and lenders..
A firm has two factories, one twice as large as the second. As the number of workers at each factory increases. Illustrate which factory will experience diminishing returns first.
A solar panel has an installed cost of $2900, and it reduces the homeowners energy bill by $29 per month. The residual value of the solar panel is negligible at the end of it's 10-year life. what is the annual effective IRR of this investment
Briefly explain whether it is possible for firms in a perfectly competitive market to earn zero economic profit even if they have incurred a sunk cost upon entry into the market. Given an example of such a cost.
Predatory pricing is easy to prove in court. Learning curve effects may enable an incumbent to produce at a lower cost than a potential entrant. A firm can benefit from strategies that raise the marginal costs of its rivals.
Select 2 non price factors that impact the demand of Johnson & Johnson baby powder and justify the reasons why.
During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the “price gouging” and “windfall” profits of the major oil companies. In the 1970s Congress imposed an “excess profits tax” on these companies. It did not do so ..
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