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1. Identify two products that have either fallen sharply in price or gotten significantly better without price increases. Explain why.
2. If an oligopolist knows rivals will match a price cut, would they ever reduce their price?
3. Dominos and Pizza Hut hold 66 percent of the delivered-pizza market. Should antitrust action be taken?
4. How would our consumption of cereal change if cereal manufactures stopped advertising? Would we be better off or worse off?
5. Why are people willing to pay more for Dreyer's ice cream when it has a Starbucks brand on it?
Suppose that Total Revenue = 100Q and Total Cost = 30 + 50Q where Q, the quantity sold, is a random variable with expected value 20 and variance 4.
a small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is
Sandra purchases 5 pounds of coffee and 10 gallons of milk per month when the price of coffee is $10 per pound. She purchases 6 pounds of coffee and 12 gallons of milk per month when the price of coffee is $8 per pound.
Graph an increase in demand when supply is elastic and show the change in eq. P and Q. Graph a similar increase in demand when supply is inelastic and show the change in eq. P and Q. Compare the results. Graph a market with a tax where firms pay th..
your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic signs.
you and your friend have decided to open a company selling product of your choice. use any one of the above mention
What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of 5 years if the opportunity cost (interest rate) of using funds is 8 %?
assume the economy is at short-run equilibrium and is in a slump. ceteris paribus what would you expect to happen to
An oligopoly is a market
What would be the long run price and quantity for this firm in a competitive market and in the long run how many firms are in the industry?
the city council has approved the construction of a water park in your town. you know that the water park will increase
Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology Should they d..
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