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Antitrust authorities at the Federal Trade Commission are reviewing your company’s recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power. A hearing is scheduled for your company to present arguments that your firm has not increased its market power through this merger. Can you do this? How? What evidence might you bring to the hearing?
How does the analysis of risk aversion change when one allows for alternative models of decision-making then expected utility? How does subjective expected utility theory differ from expected utility theory? How might one elicit a subjective probabil..
A federal land holding in Alaska can produce both oil measured in barrels and recreational services measured in wilderness days. Draw a PPF diagram with quantity of wilderness days measured on y-axis and quantity of oil barrels on x-axis. Identify th..
Which of the following is likely to occur when copyright laws are enforced?
When are differences (between one time period and another, between different production lines, etc.) between average or actual results important?
Discuss the minipublics (types of institutional design) presented by Archon Fung. Which one(s), in your view, provide the best avenues for deliberation and civic participation on the part of the citizens and the institutions of governance?
(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara. (b) State your answer in (a) rounded to three significant figures.
A consumer's willingness to pay directly measures
The assignment is to determine the same information on the "Demand for Gasoline" tab using the information in the example of the "Demand for Jet Fuel" tab. Unfortunately, I do not have Excel and cannot figure out how to solve this using Open Office.
Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemplo..
When using a supply-and-demand model to illustrate how land rents are set, economists typically draw the supply curve as a vertical line because:
Consider the AS-AD model with money, where money is neutral. Suppose that half of the banks in the economy magically disappear. What will happen to the supply of credit? Suppose that the central bank responds to this by keeping the supply of money fi..
What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail
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