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One reason for Anti-Trust laws is that economic concentration of power (Monopoly or oligopoly) comes with concentration of political power. True or false? Is that a serious threat to the efficiency of our economic system? Explain your view.
q. in recent years many plants have closed forcing thousands of employees out of their jobs as well as into new ones.
Is this enough information to classify the industry as an oligopoly? Is a high concentration ratio evidence that an industry is not competitive?
Constructive Eviction and the Implied Warranty of Habitability
Two ice-cream stands are deciding where to set up along a 1-mile beach. The people are uniformly located along the beach, and each person sitting on the beach buys exactly 1 ice-cream cone per day from the nearest stand. Each ice-cream seller wants t..
Ashley works for McKennel and Associates, a large business consulting firm. ABC Company has developed, according to industry sources, a new process of building low-emission, high mileage gas engines for automobiles. XYZ, a competitor of ABC, hires As..
Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.
Explain how many cases of toothpaste should be produced in order to maximize profits. Illustrate what happens if its decided to raise prices unilaterally in this toothpaste market.
q.what would be the production possibility frontiers for brazil and the united states?without trade the united states
If the price of soda is $1 every can, Elucidate how many sodas will the consumer purchase in a typical month.
For the following utility functions and prices. Determine the optimal bundle of x1 and x2 given the stated prices and income. Illustrate the optimal consumer choice decision in each of the two cases below.
Illustrate what is the quantity of burgers demanded in equilibrium.
Which strategy offers both Westinghouse and General Electric the best financial outcome. Among which of the following is an example of a good with an inelastic supply.
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