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Even if firms in a monopolistically competitive market collude successfully and fix price, economic profit will still be competed away if there is unrestricted entry. Explain. Will price be higher or lower under such an agreement in long-run equilibrium than would be the case if firms didn’t collude? Explain.
Definitions of externality and public goods, Source of inefficiency under externalities and public good, find the socially optimum output if there is negative externality and suggest policies to attain this social optimum. Be able to discuss why s..
analyze the major barriers for entry and exit into the airline industry. explain how each barrier can foster either
Please find an example of an export subsidy, then summarize the country, product, industry (or even the company) to which this subsidy applies. Do you agree or disagree with the subsidy?
Congratulations, you have just been promoted to the Director of Sales position within a gym. Your gym is open 24 hours a day, 7 days a week. You have a team of 60 and you are in charge of the department structure.
What is the difference between fiscal and monetary policy interms of economics?
What do we call a new firm focused on creating and introducing a particular new product or employing a specific new production or distribution method?
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks.
If cost to Fruit of the Loom to producing women's underwear is C(Q) = 1 + 4Q (in cents), compute the number of women's underwear.
Then make a list of actions the Japanese government must accomplish to restore the economy and provide health and safety to the citizens. Keep in mind the limited resources available and priorities of each restorative action. What are the opportun..
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
What will be the bond new prices if market yields change immediately by +/ - 0.10 percent? What will be the new prices if market yields change immediately by +/ - 2.00 percent?
Suppose Kenji decides to buy 100 shares of NanoSpeck stock. Which of the following statements are correct? Check all that apply. A) The price of his shares will rise if NanoSpeck issues additional shares of stock.
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