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1. What is exclusive dealing? How might it reduce competition, and when might it be acceptable?
2. What is predatory pricing? How might it reduce competitive, and why might it be difficult to tell when it should be illegal?
3. If public utilities are a natural monopoly, what would be the danger in splitting them up into a number of separate competing firms?
q.for each level of output calculate the variable cost vc. for each level of output except zero output calculate the
The impact of labor migration on patterns of international trade depends on the characteristics of the labor migrants. In which cases might migration expand trade? World income? In which cases might it reduce trade and world income?
Does the patent system encourage duplicative efforts solely for the chance to be first.
the firm will earn $15,000 if it introduces the new product, and revamping the production facilities will earn new profits of $60,000. What should the manager do.
Think about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. By what methods are your households scarce resources allocated? Identify those allocated by the market price; by command; by first-co..
Elucidate which among the following is true.
q1. the owners of a successful restaurant want a loan for 50000 to renovate the kitchen and expand the dining room.
Eric wants to buy September soybean futures because he believes that soybean prices are going to rise. He enters an order to buy one contract at $8.7725/bushel. The brokerage firm is going to charge Eric $35 commission to trade the contract. Assume i..
Which of the following economic changes are consistent with cost-push inflation? Check all that apply. Which of the following are consequences of hyperinflation? Check all that apply.
Imagine that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your ..
The Federal Reserve is considered independent because. National banks must take overnight loans from the Federal Reserve. One reason the Federal Reserve can conduct active monetary policy is that the dollar has a floating exchange rate.
what is the wage, quantity hired, wage plus employer taxes and wage minus employee taxes if employees pay a $6 tax?
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