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When firms use cost-plus pricing in a market,
a. each firm sells only to its most-favored customer.
b. each firm falls short of maximizing profit as they charge the same price irrespective of their costs.
c. it may appear as though firms are colluding in price when they actually are not.
d. each firm determines its price based on other firms’ costs and prices.
e. prices of different firms diverge widely.
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How much money must be invested in an account that pays 6% per year interest to be worth $20000 at the end of 8 years of (forgetting the leap years and making "convenient" assumptions) : Interest compounded semi-annually? Interest compounded quartley..
According to the US Department of Health and Human Services, individuals living in rural and isolated areas face special challenges in receiving timely, quality health care (Fact, 2006). Discuss your thoughts on the impact of policies that call for i..
First-degree price discrimination
q1. assume that with 400 patients per year the safc short-run average fixed costs satc short-run total costs and
John’s preferences over toothpaste (good 1) and beer (good 2) are represented by utility function u = ln x1+ x2. Prices are given by p1 and p2, and he has income of m. What fraction of his income does he spend on toothpaste?
A market in which there is an additional transaction that would benefit a buyer, a seller, and any third parties affected by the transaction is called. In the case of spillover benefits or costs,
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How does Supply and Demand play a role in economic thinking? What factors influence economics that don't directly relate to it? How does public choice economics influence the market?
the central bank raises the actual inflation rate to 4% which sequence is most such way to occur.
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