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1. Explain why the "free-rider" problem is likely to be greater in a "large" group than in a "small" group.
2. The common interest of people who are in a burning theater is to walk out orderly and in other ways avoid a panic. If that is the case, why do people so frequently panic in such situations? Use rational behavior and the logic of collective action in your answer.
Consider three markets: M1, M2, and M3. There are features of these markets that the Department of Justice observes and features the Department of Justice does not observe. The DOJ observes that M1, M2, and M3 have one
assume you are a policy maker in washington dc. lobbyists for the preschoolers of america h e put pressure on their
Find the reaction function for each company and graph. What is the Nash equilibrium (quantities produced by each firm) and profits at this Nash equilibrium?
Will this help or hurt the balance of payments situation?
Why could diseconomies of scale never occur if production relationships were only technical relationships?
One way to view the law of diminishing marginal productivity is to say that, The concept of derived demand can best be illustrated by the statement:
In a meeting about whether to store inventory in a company-owned warehouse or rent a warehouse, a colleague says, "We should use our own warehouse and save the cost of renting one." Do you agree or disagree? Explain
Illustrate your discussion with diagrams and economic models to enhance your discussion.
Suppose that the economy is already in recession, and both President and Congress have declared to do something to restore the economy.
gas guzzler motors is one of three major auto producers. it is currently producing 6000 cars a day and selling them at
what is the concentration ratio for the industry x and y.number of firm ----industry x ------ industry y1
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts
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