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Suppose that the most popular car dealer in your area sells 20 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area?
In that same situation, what would be the largest possible four-firm concentration ratio?
Discuss an industry that would meet the conditions of a perfectly competitive industry and how the individual firms would respond to an increase in the market demand for the product.
The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the average total cost.
determinants of supply and demand, graph the supply and demand curves and illustrate the resulting change in the equilibrium price and quantity.
Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this. Everyone should enjoy open access to health care. Health care subsidies will increase the consumption of health care.
Research monetary and fiscal policies that have affected healthcare industry. How have these policies affected employment rates for your chosen industry.
Using the World Bank classification of countries, select countries from the different categories and examine the data on output growth and education level. Is there a systematic relationship?
Elucidate how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product.
What should the government limit the number of auto and parts makers, the competition for would be limited. Please explain more on this subject.
She is considering quitting her job and going to university full time for four years.
Elucidate is it good for the economy to have more competitive markets.
Illustrate what is the equilibrium price and quantity of hotel rooms on Manhattan Island.
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