Reference no: EM1394974
You have been contracted by an economic consulting firm to determine the economic structure and possible future actions of OPEC, the Organization of Petroleum Exporting Countries.
Using the Library, the Internet, and your course materials, find Web sites that offer this information and answer the following questions (Perloff, 2007).
Explain the difference between a monopoly and an oligopoly, and a cartel.
Provide an example of a monopoly, an oligopoly, and a cartel.
Discuss the welfare effects of monopolies and oligopolies.
How does game theory explain the interactions of firms within oligopolies and cartels?
Using your own words, discuss the economic purpose of OPEC. What has happened to oil prices over the past five years?
Based on your answers to the above questions, synthesize the information you have gathered and tell the economic consulting firm which actions you think OPEC will take over the next year.
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Qualitative and quantitative data collection planning
: You have been asked to help plan a data collection process to answer the two problem areas. Briefly outline a plan to: Collect qualitative data about how the current services are delivered
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Determine the empirical formula of ether
: A sample of 2.376 g ether (The compound known as diethyl ether [(C2H5)2O], commonly referred to as ether, contains carbon, hydrogen, and oxygen) was combusted in an oxygen rich environment to produce 2.887 g of H2O (g) and 5.643 g of CO2 (g).
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Formulate and test the appropriate hypotheses
: At the 1% significance level, can it be concluded that the current distribution of responses differs from that of a year ago ?? Formulate and test the appropriate hypotheses. Use the critical value approach.
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Use a expression to determine the specific concentrations
: using a sample of river water sample analyzed for total inorganic carbon ,The river pH= 7.1 and an inorganic C concentration of 6.97 mg C/L.c
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Difference between a monopoly and an oligopoly
: Explain the difference between a monopoly and an oligopoly, and a cartel and provide an example of a monopoly, an oligopoly, and a cartel.
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Explain nine learning experience for creative development
: Explain nine learning experience for 3 4 5 year old children. Three for each child. Each learning experience must promote physical.
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Write the structure of the conjugate acid of base
: Write the structure of the conjugate acid of this base while consider the base monosodium phosphate, Na (HO)2P( O)O also explain why an aqueous solution of monosodium phosphate would be ineffective for extracting benzoic acid? pKa of this conjugat..
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Draw the michaelis menten and lineweaver burk plots
: The table presents the rates of reaction at specific substrate concentrations for an enzyme that displays classical Michaelis-Menten kinetics. Two sets of inhibitor data are also included.
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Probability that the components of machine will fail
: (A) What is the probability that none of the components will fail ??? (B) What is the probability that at least one component will fail ???
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