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empirical demand function and forecastingdiscussion - empirical demand function and forecastingthe empirical demand
suppose that the demand curve is p 10 - q and the costs of production are c q2 9 the marginal cost function is mc
write a 2-page paper describing the importance of competition in marketshow does a lack of competition affect prices
1 for the case considered in the text where the cost function of a firm is cq cq2 f find the level of industry
we have discussed the level of nhe in the united states and looked to some degree at how much money is being spent for
using the regression results and the other computations from assignment 1 determine the market structure in which the
1 why would we expect that winning firms in demsetz-type auctions would strategically bid low2 how might you
you have been hired as a consultant by your local mayor to look at the various market structures your role is to
can you think of some activities that are currently regulated or provided by governments that are natural monopolies
deregulation prompted by technological change may result in the regulated incumbents inability to recover its capital
the peakload pricing power company pppc faces different demands for its electricity during the day and night-which each
the peak and off-peak periods are of equal length demand in the peak period is p p 100 - qp and in the off-peak period
show that under the vf mechanism a single-product firm would never have an incentive to waste once it reaches the
find the conditions under which a single-product firm with constant average costs that knows that the vf mechanism will
demonstrate that in the multiproduct-firm case equating the lerner indexes for all products is equivalent to setting
1 suppose that production requires only capital and labor proportions can be varied and that capital is fixed and
1 why might you object to implementing the coase result for local telephone service2 how would the presence of a
explain why it is possible to interpret a two-part tariff as a two-block-rate tariff explain the circumstances under
1 in many jurisdictions regulators and firms have introduced demand-side management dsm and conservation programs
1 explain why a hotel manager should understand the theory of peak-load pricing2 in markets for electricity it is
1 demand for final output from the incumbent integrated firm is p 64 - q demand for final output produced by the
1 demand for final output is p 64 - q production of the final good requires 1 unit of network access that has
1 consumers demand a system composed of one unit each of the two components r and u demand for the system composed
1 what are a regulated firms incentives to act anticompetitively in competitive markets when its monopoly market is
why do you suppose regulators are allowed by their legislative mandates considerable flexibility with respect to