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What did Adam Smith mean when he wrote "Seldom do businessmen of the same trade get together but that it results in some detriment to the general public"?
You may also wish to discuss the behavior of an oligopoly using an example such as-OPEC-U.S. automotive industry
How are these oligopolies alike and different?
When determining the value to be paid for an merger, one of the factors considered is often,
Mr. and Mrs. Smith have enjoyed sailing small boats since they were seven years old. They wish to begin a firm to produce small sailboats.
Think the problem of maximizing u(c,l) subject to pc + wl = w + y, where c is consumption, l (element of (0,1)) is leisure time, and y is non-wage income.
Use a graph of the pollution abatement market, model a condition in which allocatively efficient level of abatement occurs at 100%, or equivalently where pollution is zero
National Products Company participates in a highly competitive industry. In order to meet this competition and to get profit goals, the corporation has chosen the decentralized form of organization.
China and Japan can manufactures calculators and noodles using land and capital in a competitive market. To manufacture one calculator two units of capital and one unit of land are needed,
The firm produces a global positioning system that sells for $1,000 with costs of goods sold of 48 percent of sales. Compared to the US, China offers a 6 percent cost reduction
You are between jobs and have decided to relocate to a city west of the Mississippi River, but you are unsure of what size or type of city you and your family can afford to live in.
Many factors discuss the supply and demand for labor. Identify and describe two factors that would increase or decrease the demand for labor.
The theory of the 2nd best leaves welfare economists high and dry since not only does it abolish established objectives of 1stbest situations,
Suppose that in Canada opportunity cost of manufacturing 2 television sets is 3 bushels of wheat. Suppose that in the United States the opportunity cost of manufacturing 2 bushels of wheat is 3 television sets.
Absolute and comparative advantage: Describe how these concepts explain the benefits and costs of international trade.
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