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6. OPEC is the economist's favorite cartel to study, partly because it had such a spectacular short-run success and partly because oligopoly theory could be used to predict how OPEC pricing actually evolved. Please check OPEC website at https://www.opec.org/home/ What are some recent developments in petroleum pricing? How relevant are the factors listed in this chapter in affecting the difficulty of maintaining a cartel?
Suppose that there are n bidders participating in a First Price Auction. Each bid- der's private valuation is independently drawn from the interval [0, 1] according to the distribution with cdf F(x) = x2 and pdf f(x) = 2x.
write a 300-word paper in which you analyze the individual values and the organizations values as reflected by the
find examples in the current business news media of how ebay and other online sellers obtain information about the price elasticity of demand by making unannounced temporary adjustments to thier prices and fee structures
Differences between price ceiling and price floor with the aid of diagram
The marginal and average cost curves of taxis in metropolis are constant at $.20/mile. The demand curve for taxi trips in metropolis is given by P = 1 - .00001q, where P is the fare, in dollars per mile, and Q is measured in miles per year.
select and describe a leader you admire. your selected leader may be either a real-life individual or a fictional
1. in john stossels article in praise of price gouging stossel argues that a law banning price gouging would result in
What impact does the privatization of prisons have on providing rehabilitative services that would help prisoners rejoin society productively and curb recidivism? Explain.
blanco inc. has the following income statement in millionsblanco inc.income statementfor the year ended december 31
International data show a positive correlation between income per person and the health of the population. How might the relative importance of two hypotheses be relevant for public policy
Intelligent fiscal policy and appropriate monetary policy permit for a stabilizing influence on US economy. The government is able to make action through expansionary or contractionary fiscal policy to manage recession and inflation when necessary.
A growing number of businesses' including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains are feeling the heat from government, the press, and society at large for encouraging harmful consume..
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