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In july the department of justice opened an investigation related to possible collusion and price fixing. what created the suspicion of collusion ? also reasearch this case and share some details. what is currently happening? The Airline industry is not a monopoly, there are a number of companies involved. Howcan an oligolist antitrust laws?
How does the labor-leisure trade-off determine the supply of labor? the supply of labor is no different than the supply of any other good or service in that it is primarily affected by productions costs. In the case of labor, the dominant production..
A maker of specialty soaps supplies a unique soap made from cactus extract to the only two retailers in a small town. The producer sells the soap to the retailers at the marginal cost of production of the soap, $1.00 per bar, and receives 20% of the ..
Gas prices are high at $3.30 in the Year of 2008, compared the prices in 1979 of gas prices for $1.00. Are Nominal prices or the Real Prices higher today, then in the past? How do you know? show your work. Use the CPI in 1979 of 85 and in 2008 of 218..
The existence of ability bias causes estimated rates of return to education to _______ the actual rate of return for a typical individual. The existence of ability bias causes estimated rates of return to education to _______ the actual rate of retur..
Since 2009, the federal reserve has been unable to stimulate the US economy sufficiently enough to generate 3-5% annual growth in GDP, despite being short-term interest rates at zero and instituting a massive quanta give easing program. why has monet..
What Scott is doing is committing fraud he is falsely selling products for his own benefits is molly decides to take the jeweler to another jewelers and they inform her the product is fake then she can rightfully sue Scotts business and ruined his re..
Draw labor supply and demand curves for cashiers in Hadley supermarkets. Real World Micro 2.4: Jeannette Wicks-Lim argues that the minimum wage could be raised without causing significant job loss. Why, in her view, would companies pay higher wages w..
The minimum wage in year 1 is $1 higher than the equilibrium wage. In year 2, the minimum wage is increased so that it is $2 above the equilibrium wage. We observe that the same number of people is working at the minimum wage in year 2 as in year ..
If homeowners purchased a $250,000 home with a zero-down, interest-only mortgage, and the value of the home subsequently fell to $200,000, in order to sell the house and move to another city, the homeowners would be required at closing to pay
You are choosing between two goods, X and Y, and your marginal utility from each is as shown below. If your income is $9.00 and the prices of X and Y are $2.00 and $1.00, respectively, what quantities of each will you purchase to maximize utility? Wh..
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.
A company will need $100,000 in five year's time to replace one of its production lines. Assuming the company can earn 7% per year compound interest on its savings, how much should the company be saving at the end of each year for the next five years..
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