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Find a recent news article that discusses an oligopolistic industry in the U.S. Provide a usable link to the article (3 points by itself) and a summary of what the author is discussing. Focus your analysis on the main characteristics of oligopolies (barriers to entry, economies of scale, non-price competition, cartels). Each of you should focus on a different industry (market). PLEASE PROVIDE THE ARTICLE LINK
A firm is facing a downward-sloping demand curve: q = 96 - 2P. Write the inverse demand function, i.e. write P as a function of q. Derive the total revenue as a function of q. Derive the marginal revenue as a function of q.
What is the smallest integer-valued annual compound interest that will result in an investment tripling in value in less than or equal to 12 years?
Least-cost production analysis is often applied by managers and plant engineers in deciding the operations plans of the company - Determine under what conditions, a company should or should not continue to produce the good or service.
There are lots of differences between a market served by a monopoly and a market that is perfectly competitive. Sort the items below according to whether they are associated with a single-price monopoly or perfect competition.
Assume to latest discoveries in biochemistry significantly lengthen our life expectancy. Illustrate what is the impact on the educational attainment of workers
Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for t..
Nick D’Aloisio isn’t your average 17 year old high school student. Instead of spending his summers at the movies or at a minimum wage job, Nick spent the last three summers, at an average of 17 hours per day, writing a program called Summly (formally..
Illustrate what is the "incubator effect" that Taiwan's government hoped would emerge in its EPZs.
Suppose you win the lottery with a jackpot of $20 million. But that’s $20 million if you wait 20 years to get your payout. What is the value you could get today if the interest rate is 6%?
How would each of the following changes affect the demand curve for acupuncture? a. The price of an acupuncture session increases. b. A reduction in back problems occurs as a result of sessions on stretching on a popular television show.
q. a county is considering using a piece of park land for one of two alternative recreation projects. project s would
In the long run, the greater burden of a specific tax will usually be absorbed by
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