Critically discuss that there is no satisfying theory that explains the behaviour of firms in oligopoly markets.

Which theories should I include in the analysis? Which examples are relevant to these theories? Furthermore, may you include some journals that will enhance my understanding of the key points that you will include in the answer.

Calculate the new market equilibrium and the deadweight loss : Assume a tax of t=$2 is attached to each unit exchanged in market. calculate the new market equilibrium and the deadweight loss from this change. |

Efficient competitive equilibrium : There is a pure exchange economy with two identical customer , A and B. C ustomer A has 8 units of good 1 and 4 units of good 2. C ustomer B has 4 units of good 1 and 8 units of good 2. |

Determine pure strategy nash equilibria of the game : Assume that a cake is being divided in following way among two players. Each player writes down a number from zero to one on his piece of paper. |

Determine profit level with the cournot quantity : Assume the market demand curve in an industry is characterized by P=1-Q, where P is the market price and Q is the total quantity supplied to the market. Assume there are three firms in this industry. |

Discuss the behavior of firms in oligopoly markets : Critically discuss that there is no satisfying theory that explains the behavior of firms in oligopoly markets. Which theories should I include in the analysis and give some examples relevant to these theories? |

Compute the point price elasticity of demand : The Crank Yankers DVD season two has been a hot seller during recent weeks. An examine of weekly demand shows: |

Calculate the equilibrium price or output solution : Local government in a west Coast college town is concerned about recent explosion in apartment rental rates for students and other low income renters. |

Equilibrium level of income and interest rate : Suppose following equations summarize or represent structure of economy. Determine equations for IS and LM curves. |

Calculate the equilibrium values of private saving : Suppose that GDP is 5,000. Consumption is C=1,000+.3(Y-T). Investment is I=1500-50r, where r is the real interest rate. Taxes are 1,000 and government expenditures are 1,500. |

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