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n March 2004, a class action suit was filed in Madison, Wisconsin, that accused 24 bars and the Madison-Dane County Tavern League of conspiring to fix prices on beer and liquor by agreeing to eliminate weekend happy hours. The suit, filed on behalf of 3 University of Wisconsin students, contends that the University of Wisconsin encouraged bars to collude as part of an antidrinking campaign. There is no evidence that the bar owners ever directly communicated. Do you think this is a violation of Section 1 of the Sherman Act?
Explain how do you run an oligopoly to make the largest possible profit. The oligopolistic producer of this vehicle failed to heed market signals. It failed. Can you name the company.
How does the change of consumer and producer surplus compared to the tax revenue.
Compute the monthly payment and explain whether taking this loan is a smart business decision.
Illustrate what are the types of business organization/ company forms, and their pros and cons (advantages and disadvantages) from an economist point of view.
How do restrictive job protection measures affect the demand for unskilled workers? Do they benefit or help the unskilled worker? Explain.
Elucidate why liberals have traditionally endorsed national authority.
What is this firms total cost function, average cost function, average variable cost function and marginal cost function.
Maritime Insurance Company offers insurance policies for recreational boats.
what is the short run equilibrium level of output in this economy.
Over which range of production, the marginal product of the variable input would be increasing in the short run.
Estimated regression equation for which quantifies the demand for Widget
The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever.
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