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Which of the following is necessary in order for a firm to successfully practice price discrimination?
A. The firm must practice product differentiation.
B. The demand for the firm's product is inelastic.
C. The firm must be able to segment the market for the product.
D. The firm's transactions costs must be zero.
What price-output combination would exist with efficient pricing (MC = P)? Draw a graph with MC, Demand curve and MR curves for the problem above.
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
In a Cournot equilibrium, where both firms produce positive amounts of output, which firm do you expect to produce more. Explain your answer.
Draw a demand and supply diagram of a bond market and show the equilibrium price and quantity demanded and supplied in the diagram. What are the factors that shift these demand and supply of bonds? What is the relationship between bond market prices ..
11.assume you are the director of design for a cell phone manufacturing company. you work closely with the new product
Explain how do payroll taxes levied on earnings of workers affect their decisions about Explain how much leisure they consume?
q1. i cant seem to figure out how to calculate. if you given the amount of money an individual will earn during their
Assume there is a simultaneous increase in government expenditure also reduction in the funds provide.
Bribes: Two players find themselves in a legal battle over a patent. The patent is worth 20 to each player, so the winner would receive 20 and the loser 0. Given the norms of the country, it is common to bribe the judge hearing a case.
What happens to the population size in the long run? Does the Iron Law of Wages (where Malthus asserted that technological change would not improve human living standards) hold in this case? Why or why not?
Discuss the source of tension between cooperation and self-interest in a market characterized by oligopoly. Use an example of an actual cartel arrangement to demonstrate why this tension creates instability in cartels.
A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Illustrate what is total amount of output firm should produce.
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