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Suppose an olligopoly consists of two firms Firm A lowers price and Firm B responds by lowering its price by the same amount. If averages costs and industry output remain the same, which of the following what will occur
profits of the two firms increase
profits of the firm will remain the same
they will decrease
barriers to entry will come tumbling down and new firms will enter
Choose one of the three pilot programs proposed by Kugler in the Hamilton Project policy brief reading. Do you think it will make a positive impact or not? Why? How do you think it will affect the taxes paid by your firm to finance unemployment insur..
Suppose the demand and supply for wine within the U.S. is: Suppose the demand and supply for wine in the rest of the world (R.O.W.) is: Calculate the deadweight loss if the U.S. imposes a tariff of 25 cents per bottle of imported wine.
For the true value of assets to be felt, you should only hold money up to the point where its ________ is equal to its marginal benefits.
DHL prides itself on having its own staff of more than 300,000 people spread across the globe, instead of relying on local agents.
The publisher sold the textbooks to university bookstores nationwide for 3 million euros. The university bookstores received 4 million euros from students in exchange for the books.
assume an urban clusters income i is given by the function i4n-0.05n2 where n denotes the clusters population in
Calculate and graph the ration of: (i) real residential investment to real GDP; (ii) real non-residential investment to real GDP; and (iii) real inventory investment to real GDP. Which of the components of investment shows the most (least) variabilit..
Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee). how does the marriage affect GDP? how should it a..
When a best-selling book was first released in paperback, the Hercules Bookstore chain seized a profit opportunity by setting a selling price of $9 per book. With paperback demand given by P = 15 - .5Q, the chain enjoyed sales of Q = 12 thousand book..
describe how current economic conditions affect your organization or one with which you are familiar. Identify most important economic indicator affecting your organization and elucidate why.
Why are trade negotiations usually mercantilist, ie, why does country A agree to reduce its trade barriers in exchange for country B also agreeing to lower trade barriers, when economic theory says that both A and B benefit
How much the person should must get? And is it taken from any person who works in US? My country is paralyzed to impose this tax due to oligarchs heavy influence. I just wanted to gain some knowledge.
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