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1. Explain the difference between the Stackelburg and the Cournot duopoly models. Outline the process by which a Stackelburg equilibrium is reached.
2. Outline the ‘Kinked Demand Curve' theory of oligopoly and account for price rigidity in this model.
3. Present and critically appraise Fellner's theory of price leadership.
4. Carefully explain the concept of the reaction function in duopoly analysis.
Consider a mutual fund with $720 million in assets at the start of the year and with 10 million shares outstanding.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
Suppose each of the five sellers can supply at most one unit of the good. Elucidate the price when market quantity supplied is exactly 3.
The company wants to replace office equipment like machines and computer at assorted times over the five year planning period.
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
Use supply and demand model to explain the dramatic rise in the price of a college education.
Limited partnership arrangements alleviate which traditional problem associated with real estate investments.
Do you believe that profit (or shareholders wealth) maximization still represents the best overall economic objective for today's corporations.
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
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