Some oligopolies are characterized by cartels in which Group of answer choices members enter into collusive agreements. members try to recruit new members. members trust each other completely. members join together to act as a competitve firm.

Q: Question 34 In a market economy, the supply and demand framework shows that people who supply the…

A: The supply curve denotes the relationship between the price of the good and the quantity of the good…

Q: Question 3 Which of the following is NOT an example of a barrier to entry? Group of answer choices…

A: In a market, barriers to entry refers to the situation when existing firms restrict new firms to…

Q: and has a short run production function Q(L)=20L-L2. Its wage rate is w=40. Suppose the firm sells…

A: *Answer:

Q: For each prompt below, carefully and thoroughly follow the directions. For the graphs, be certain to…

A: Aggregate demand  Aggregate demand represents the overall demand in the economy at various levels of…

Q: What general rules should a retailer know when planning initial markups? Explain why retailers…

A: Markup is the level of the percentage that is your expense. To compute markup take away your item…

Q: if the Bargaining Power of Suppliers is high or low in the Gas and Oil Industry

A: If we consider the Oil or Gas industry then there are barriers for the firms that can be seen as the…

Q: Consider a competitive market in which the MPB = 180 – 2q and the MSC = q. In this market, however,…

A: "A positive consumption externality occurs when an person's consumption raises the well-being of…

Q: A. Articulate a defensible claim or thesis that responds to the prompt and establishes a line of…

A: Measures taken by the government to alter market conditions are referred to as fiscal policy…

Q: How Product Differentiation of Food and Beverages affect the economic of a country?? Explain.

A: Product differentiation is a marketing approach used to set a company's goods or services apart from…

Q: Explore the role of demand curves and the price elasticity of demand.

A: Elasticity of demand is the responsiveness of quantity demanded due to change in price or other…

Q: C) Assume that UK would like to protect its agriculture sector. What measures should the UK…

A: Here, it is given that the UK government wants to protect its agriculture sector due to which it…

Q: When the intended result is to be accomplished for community-service plan?

A: community service is a type of chipping in expected to help individuals or serve the more extensive…

Q: If the government increases the excise tax on tires and the tax is added to the price, describe how…

A: Taxes refers to the quantity of cash paid through an individual to the authorities and classifies as…

Q: hy don’t I need to ask you to solve for A’s best response? (d) Solve for the equilibrium outputs…

A: The cost is divided into two categories that are fixed cost and variable cost. The total fixed cost…

Q: QUESTION FIVE: CONSUMPTION UNDER UNCERTAINTY (a) What does it mean for consumers to maximize…

A: * SOLUTION :-    (5) From the given information the answer is provided as below as ,

Q: Explain the statement: “Developing countries tend to exhibit symptoms of both market failure and…

A: Developing country is a type of economy which has low level of industrialization, which is…

Q: Consider the following categories of taxes: I. wealth tax II. consumption tax III. Direct tax…

A: Estate tax refers to the tax levied on the total property inherited due to the death of a person. In…

Q: What does a bid bond guarantee? Group of answer choices A. A contractor has submitted a balanced bid…

A: When talking about bidding, it is the market situation when an asset if offered to sell and many…

Q: The graph shows the marginal private benefit from trade school education. The marginal - cost of…

A: Due to positive consumption externality, MSB is more than the MB.

Q: B) The figure below shows the total cost and revenue curves for a firm on the same diagram TC 60 50…

A: i) "Total cost represents the costs of producing something and in short run comprise of both fixed…

Q: How do we restore confidence in the financial and banking industries and our political systems?

A: Introduction: The Industrial Revolution was one of the most significant events in human history,…

Q: Question 9 Rational consumer behaviour is where a person consumes the amount of a good that…

A: "Consumers consume commodities and services and in return they attain utility or satisfaction from…

Q: Refer your answers to Questions 8- Please describe how the MARKET supply and/or demand curves will…

A: We have given that the market price is 8. At this market price, the firm produces 4 unit of output…

Q: Please define the following terms in your own words and no plagiarism: Board of Governors, Federal…

A: Define the following terms, Board of Governors, Federal Open Market Committee (FOMC), Federal…

Q: Question 13 If a firm operating in a competitive industry shuts down in the short run, it can avoid…

A: The structure of a market where there are numerous firms competing with each other for selling goods…

Q: In competitive markets, 3 .Group of answer choices 1. market forces of demand and supply determine…

A: A perfectly competitive firm is a price taker, which means the price is set by the market forces,…

Q: Some economists believe that the US. economy as a whole can be modeled with the following production…

A: As we know that Cobb-Douglas production function models represents the relationship among production…

Q: onsider the accompanying cash flow diagram represented below. Compute the equivalent annual worth at…

A: Annual Worth is the equivalent annual worth which represent the annual worth of the all income and…

Q: What is the concept of diminishing marginal utility of consumers? How consumer use Marginal Rate of…

A: "Marginal utility represents the addition to the total utility from consuming one more unit of the…

Q: MM’s Proposition I holds, minimizing the weighted average cost of capital (WACC) is the same as…

A: The firm exists in the market to maximize the profit. The short run objectives might be different…

Q: Which usually grows faster: M1 or M2? Produce a graph showing M2 divided by M1. When this ratio…

A: M2 typically grows faster than M1 over the long run, but this pattern is not stable. Graph depicting…

Q: A certain project has the following cash flow:

A: Given,  MARR : 15%

Q: what is the present worth (PW) for the following cash flow?. Use (i-6 Annual payment= $100 per year…

A: Given the number of years = 9 years Interest rate = 6% Annual payment = $100 First year return  =…

Q: If U.S. government statistics counted education spending as part of the investment, which of the…

A: Purchaser spending or consumer spending is the all out cash spent on definite labor and products by…

Q: Refer to Figure 2 in Question 26. In order to maximize profits, the monopolist should charge what…

A: Profit maximizing price is such a price that corresponds to profit-maximizing quantity via the…

Q: Consider the Dutch floricultural Industry and use the porter's diamond model to explain the…

A: The Porter's Diamond Model is a precious stone formed structure that explains the parts that can…

Q: A store that sells maize meal discovers that when the price of 1kg maize meal Is R24 per kilogram,…

A: Here, given information is: Initial price: R24 Initial quantity demanded: 306 kgs Final price: R21…

Q: Discuss the concepts of internal and external supply chain integration and explain why each of these…

A: Meaning of Economic Integration: The term economic integration refers to the situation under which…

Q: Please help. Can you draw a model or IS-LM (income spending money demand and supply model)…

A: IS-LM Model  IS-LM model is used in economics to show the relationship between the interest rate…

Q: The role of Euromarket to international finance

A: The term Euromarket has two unmistakable implications: In finance, it is the market for…

Q: In 2010, Switzerland-based Nestlé began sailing supermarket barges up and down parts of the Amazon…

A: Here, it is given that the Switzerland-based Nestlé started sailing supernatural barges with…

Q: uestion 23 The deadweight loss that arises from a monopoly is a consequence of the fact that the…

A: When the socially ideal amount of an item or service is not produced, deadweight loss, also called…

Q: Question 14 Questions 14-18 refer to Figure 5-1 below. Suppose a firm operating in a perfectly…

A: Here, the given graph shows the cost functions of a perfectly competitive market with current price…

Q: Figure 1 Use this figure for questions 14-20. This figure shows costs for a firm in a perfectly…

A: Total revenue is defined as the total receipts which have been received by the seller after selling…

Q: How prospect theory challenges the standard economics' view of how individuals think about uncertain…

A: The theory of behavioral economics that depicts that investors tend to choose perceived gains as…

Q: 6. Compare & contrast EITC, the minimum wage, and UBI. Which do you think is most effective in…

A: Compare EITC is known as Earned Income Tax Credit in the United States is a refundable tax credit…

Q: please explain the balancing and reinforcing loops of the CLD

A: Commercial location development (CLD) is a strategy utilised by the government to position its area…

Q: For each of the utility functions below derive the own-price demand functions for x₁ and x2. The…

A: In this question:- (a) ux1,x2=min2x1,x2or 2x1=x2or x1=3P1or x2=3P2or 2x1=3P2or x1=32P2 (b)…

Q: I quite don't understand question a.

A: People prefer to eat two potatoes with every pound of meat. Such preferences are called as perfect…

Q: If the foreign interest rate is 5%, the risk premium on domestic assets, ρ, is -7%, and the expected…

A: In the economy the theory of interest parity tells in general that relating to which interest rate…