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In principle, the antitrust laws are designed to promote competition and improve market efficiency. Given the work by Williamson (1968) and Demsetz (1973), explain why these laws may promote static efficient but fail to promote dynamic efficiency.
Suppose the elderly as a group manage to lobby Congress successfully for a one-time wealth transfer, “paid for” by a tax on younger workers. Assume the elderly have a remaining life-expectancy of 10 years (over which the transfer will be spread), and..
A mayor wants to help renters in her city. She considers two policies that will benefit renters equally. One policy is a rent control, which places a price ceiling, p , on rents. The other is a government housing subsidy of s dollars per month that l..
q1. the average 15- year- old purchases 12 cds and 15 cheese pizzas in a typical year. if cheese pizzas are poorer
The following two individual demand curves represent an entire market for a commodity. What is the market demand curve for the commodity? show the market demand in equation and graphical form. (a) P=60-10Q (b) P=60-15Q
wages decrease by 15%. by what % do the new wages increase or decrease. 3. divide 3420 into two parts such that one part is 28% more.
People often argue that economic rewards in society should be meritocratic, that is, that everyone should have an equal opportunity to get ahead and those that do succeed because of their greater ability, hard work, and so on, should then be allowed ..
Suppose your employer offered you $4,000 in cash instead of health insurance coverage. Health insurance is excluded from state and federal income taxes (let's ignore Social Security and Medicare wage taxes for now). The cash would be subject to state..
"Equities" is another word for
With the aid of diagrams explain how externalities (both external costs and external benefits) can generate market failure.
Hong Kong dollar, and the one-year forward exchange rate is 9 yen per dollar. Determine whether or not there is an arbitrage opportunity and, if possible.
Voters in the State of California decide that the tobacco industry is having too great an impact on the outcome of local referenda limiting smoking in public places.
Define the following: functional organizations, product organization, geographic organization, matrix organization also network organization.
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