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The answer to Economics in a Global Environment
2-3 ParagraphsDetails: The organization you work for is under investigation for price fixing. You have been asked by your manager to gather some information on recent price fixing cases to help your company defend itself.
Visit the website for the U.S. Federal Trade Commission to get the facts on the most recent price fixing cases. Click on the Search icon, and do a search of News Releases using the words "price fixing." Write a 2-3 paragraph description of a recent price-fixing case.
We give praises to the market system and to the institution of private ownership of resources. But here we will find cases where firms do not act in the best interest of society. Basically, we fear large firms and markets with very few sellers, because firms in these circumstances, the managers of these firms tend to raise prices and restrict the level of output sold. Examine all the types of firms that have been accused of anti competitive actions like in the Microsoft case. You must report on one of these cases. The case must be related to price fixing. Cite your source and any references that you use in APA format.. You must paraphrase and interpret the information gathered on your case. Less than 20% of your posts should be in quotes..
You are the manager of a local sporting goods store. Given the reservation prices, determine your optimal bundle pricing strategy.
Assume the economy is slumping into recession and needs a fiscal policy boost.
Cartels are a form of anti-cooperative activity. Critically examine the factors that may facilitate the establishment, operation and detection of cartels.
Adopting the main features of the neoclassical supply of labour, elucidate how these 2 factors may be related.
Define in general the term "internalize the externality" and explain its application in this case. Discuss a policy other than a tax or subidy that could cause individuals to internalize the externality. Explain briefly.
Mr. Shanku has borrowed dollars in the US but is now concerned regarding its currency risk. What alternatives does he have to limit his risk.
Suppose there is an increase in risk aversion by wealth holders in the sense that, other things equal, they want to hold more of their wealth in money (bank deposits) and less in securities.
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
A company analyse it has the following short-run demand. What initial price should the firm charge.
Assume that a company maximizes its total profits and has a marginal cost. Find the price at which the firm sells the product.
Important information regarding Price Elasticity of Demand and Total Revenue
Identify trends or other patterns in inflation within the an economy of your choice over the last five years using quarterly data from the Central Bank or other Government based Statistical agency websites as a source.
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