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Q1. Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels. The discussion of Chapter suggests another possible rationale for such clauses. Illustrate what is it?
Q2. Assume there are two groups of consumers and that it is optimal for a non discrimination monopoly to set p=$10. At that price, no one from the first group chooses to purchase. Now, Assume the monopoly can price discriminate. Will the total output expand? Why or why not?
q1. when the federal government decreases the individual and corporate income tax rates?q2. between sweezy oligopoly
Illustrate what are the factors that affect the supply and demand of the good or service. Who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.
If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms?
Conduct a goodness-of-fit test analysis to determine if the proportions of individuals willing to pay more for environmenlal.ly friendly products in the various age groups are equal.
What price will the firm charge in each market? Based solely on these two prices, which market has the higher price elasticity of demand? What will be this monopolist's total economic profit?
Elucidate why the general level of wages is higher in the United States and other industrially advanced countries.
1. in recent years consumption spending by households has accounted for about 70 of the total spending aggregate demand
Elucidate how the equilibrium quantity for the representative firm on the same graph.
Illustrate what difference will it make to Sony pricing if clients have now become dissimilar?
Are cyclical fluctuations necessary for economic growth?
Describe the determinants of varying levels of income. What factors determine a wages of a person
The distribution of the weekly production is approximately normally distributed with a standard deviation of 60 units. If the bonus is paid on the upper 5 percent of production, the bonus will be paid on how many units or more.
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