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Radio City promises if you can find a lower advertised price for anything you bought at Radio City, anywhere in town within 30 days, it will return the difference plus 20 percent. A sophisticated game theoretic analysis suggests Radio City may be:
losing money in the long run.
implicitly colluding with other stores.
using a commitment to threaten competitors.
preempting competitors.
using price leadership.
Explain how new Classical and new Keynesian theory overcame their respective weaknesses/criticism as they borrowed from each other and are currently able to coexist successfully.
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your class..
To measure risk, the capital asset pricing model uses
Explain how to get the producer surplus. What about the area that lies beneath the x-axis.
q. 1. suggest how an economist would approach the problem of alcohol abuse. provide two possible solutions to this
Share your views on whether we have an equal pay problem in the U.S. and why or why not? Have you or anyone close to you ever experienced gender pay inequality on the job? If yes, please explain.
Suppose when you are 21 years old, you deposited $1000 into a bank account that pays annual compound interest, and you do not withdraw from the account until your retirement at the age 65, 44 years later. How much more will be in your account if the ..
q1. find the equilibrium price and quantity after the shift of the supply curve.q2. a machine used to cereal boxes
If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms? Calculate the profits of these firms in either case (a and b).
what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain. sales of luxury cars will decrease.
Pierre, a Frenchman with a weakness for champagne, recently received a raise. His income rose from $25,000 to $40,000 a year. As a result, Pierre's consumption of Andre Champagne decreased from 15 bottles a week to 5 bottles a week. Calculate Pierre'..
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