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An industry contains two firms, both with cost function TC(y) = 30y. The demand function for the firms' output is p = 120 - Y, where Y is the total output (Y=y1+y2).
What are the firms' outputs and profits in Nash equilibrium of this duopoly model?
What are the firms' outputs and profits if they collude and decide to split total production in half for each?
what are the weaknesses and strengths of the various forms of business? why do corporations tend to be so much larger
The windfall price increase of an imported good that results hen a quota is imposed on that good accrues to
What sort of a market structure closely resembles the environment in which the firms in the airline industry in Australia operate in? Explain.
A material handling system was purchased 3 years ago for $120,537. Two years ago it required substantial upgrading at a cost of $14,340. It once again is requiring an upgrading cost of $24,925. Alternately, a new system can be purchased today at a co..
Describe the characteristics of oligopoly and monopolistic competition. Give an example of product market of oligopoly and monopolistic competition.
a. graph and explain what would occur if the fed sold 1 million dollars worth of government securities to an agent when
write a 1750 to 2450 word paper in which you decide whether to purchase a house.1. discuss which principles of
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a monopolist can earn positive profits in the long run because it has market power allowing it to charge a price that
The market price of the product the firm produces is $4 at each quantity supplied by the firm. What is the amount of labor that this profit-maximizing firm will hire,or what wage rate will it pay.
you are given the following equation for the aggregate demand ad and short-run aggregate supply sas curve ad y 1.25a p
6. A certain population of individuals has a mean IQ of 100, but the variance is unknown. In a random sample of 21 individuals, the sample variance was s2 = 204. Calculate the following confidence intervals for σ2
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