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The inverse demand that duopoly quantity-setting firms faces is p = 90 - 2q1 - 2q2. Firm #1 has no marginal cost of production, while firm #2 has a marginal cost of $30. How much does each firm produce if they move simultaneously? What is the equilibrium price?
If you drive 20,000 miles per year and the price of gasoline for this analysis is assumed to be $4.00 per gallon, which model should you purchase?
Are monopolies and oligopolies (firms demonstrating power) always bad for society?
What if you knew that in Firm A the quantity of labor demanded is 15,000 when the wage is $11 and 17,000 when the wage is $8.
Compute most favorable output also profit for each firm and the market price. Also, compute the resulting profit of cartel.
The Road Runner Club contributes money to Senator Sly's reelection campaign fund, and Senator Sly helps pass legislation to add more jogging paths across the state
the last major conflict between the US army also Native Americans took place at
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
Assume the two newspapers merge. Illustrate what is the likely post-merger bargaining outcome.
The economy has two sides. One side is the aggregate demand side. Elucidate the relationship between the price level and the quantity demanded of Real GDP.
What should the government limit the number of auto and parts makers, the competition for would be limited. Please explain more on this subject.
Assuming that budget stays same except for interest on debt for 10 years, what will be accumulated debt? What will size of budget be after 10 years.
Illustrate the total price of production (including the cost due to environmental damage) at the unregulated equilibrium quantity of 400.
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