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1 there is currently a surplus of allowances at the price of zero what must be true of the relative positions of the
micro economics1 other things being equal what will happen to automakers profits if they are able to sell more vehicles
should government subsidize internet access for the poor explain making a reference to the benefits and to the problems
evaluate the following statementldquocomparative advantage will benefit all people because everyone has a comparative
the south end bookstore has an annual profit of 170000 the owner is considering opening a second bookstore on the north
illustrate and discuss the adjustment mechanism in a perfectly competitive market when there is an increase in demand
1 suppose we have a duopoly in the production of mineral spring water each firm has the same cost structure where mcq
1 about two-thirds of funding for substance abuse treatment comes from taxpayers are there external benefits of
during the previous month a firm produced 250 tablet devices at an average variable cost of 40 and at an average fixed
all non neutral taxes are undesirablea agree non neutral taxes violate the principle of neutralityb disagree non
should we treat capital investments differently or all the same more specifically should we encourage certain types of
derive the maximum differentiation principle by using original hoteling duopoly model with quadratic transportation
the madison corporation a monopolist receives a report from a consulting firm concluding that the demand function for
according to a statistical study the following relationship exists between an electric light and the power plants fuel
consider an hmo with a demand curve of the following form q100-2p suppose that its marginal and average costs were 20
consider the agency relationship in malpractice cases under a contingency fee system the plaintiff party that sues
suppose that in the akerlof example there are only eight cars ranging in quality from 14 to 2 there is no complete
which of the following is not characteristic of monopolistic competitionselect onea many firms in an industryb low
the market share of a monopoly isa 40-60 percentb 60-80 percentc 20-40 percentd 100
it is easiest for new firms to enter into which of the following market structuresa monopolistic competitionb duopolyc
some economists argue that a monopolyrsquos high market power enhances research and development however a good argument
which of the following market structures will have higher prices in the long run than perfect competitiona monopolistic
ace bakery charges competitive prices for their specialty cakes even though it has no competition this is most likely
an example of a market incentive plan isa a tax on any activity that causes pollutionb requiring construction firms to
which of the following is a production decisionselect onea how much output the firm should produce in the long runb