Category: business economics

Order the answer to: Suppose that Coke and Pepsi are the only two producers

business economics

Order the answer to: Suppose that Coke and Pepsi are the only two producers

Posted By George smith

Question
Suppose that Coke and Pepsi are the only two producers of cola drinks, making them duopolists. Both companies have zero marginal cost and a fixed cost of $100,000.
a. Assume first that consumers regard Coke and Pepsi as perfect substitutes.

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Order the answer to: Untied and Air R Us are the only two airlines

business economics

Order the answer to: Untied and Air R Us are the only two airlines

Posted By George smith

Question
a. Suppose the two airlines play a one-shot game-that is, they interact only once and never again. What will be the Nash (noncooperative) equilibrium in this one-shot game?
b. Now suppose the two airlines play this game twice. And suppose each

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Order the answer to: Suppose that the fisheries agreement in Problem 5 breaks down,

business economics

Order the answer to: Suppose that the fisheries agreement in Problem 5 breaks down,

Posted By George smith

Question
a. What is the noncooperative Nash equilibrium? Will each side choose to send out one or two fleets?
b. Suppose that the fish are being depleted. Each region considers the future and comes to a tit-for-tat agreement whereby each

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Order the answer to: To preserve the North Atlantic fish stocks, it is decided

business economics

Order the answer to: To preserve the North Atlantic fish stocks, it is decided

Posted By George smith

Question
To preserve the North Atlantic fish stocks, it is decided that only two fishing fleets, one from the United States and the other from the European Union (EU), can fish in those waters. The accompanying table shows the market demand schedule per

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Order the answer to: In France, the market for bottled water is controlled by

business economics

Order the answer to: In France, the market for bottled water is controlled by

Posted By George smith

Question
In France, the market for bottled water is controlled by two large firms, Perrier and Evian. Each firm has a fixed cost of €1 million and a constant marginal cost of €2 per liter of bottled water (€1 = 1 euro). The

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Order the answer to: The market for olive oil in New York City is

business economics

Order the answer to: The market for olive oil in New York City is

Posted By George smith

Question
The market for olive oil in New York City is controlled by two families, the Sopranos and the Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter the New York City olive oil market. The marginal cost of

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Order the answer to: The accompanying table shows the demand schedule for vitamin D.

business economics

Order the answer to: The accompanying table shows the demand schedule for vitamin D.

Posted By George smith

Question
The accompanying table shows the demand schedule for vitamin D. Suppose that the marginal cost of producing vitamin D is zero.
Price of vitamin D Quantity of vitamin
(per ton) D demanded (tons)
$8……………………………………. 0
7……………………………………… 10

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Order the answer to: Suppose you are an economist working for the Antitrust Division

business economics

Order the answer to: Suppose you are an economist working for the Antitrust Division

Posted By George smith

Question
Suppose you are an economist working for the Antitrust Division of the Department of Justice. In each of the following cases you are given the task of determining whether the behavior warrants an antitrust investigation for possible illegal acts or is just

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Order the answer to: Over the last 40 years the Organization of Petroleum Exporting

business economics

Order the answer to: Over the last 40 years the Organization of Petroleum Exporting

Posted By George smith

Question
Over the last 40 years the Organization of Petroleum Exporting Countries (OPEC) has had varied success in forming and maintaining its cartel agreements. Explain how the following factors may contribute to the difficulty of forming and/or maintaining its price and output agreements.
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Order the answer to: The accompanying table presents recent market share data for the

business economics

Order the answer to: The accompanying table presents recent market share data for the

Posted By George smith

Question
The accompanying table presents recent market share data for the U.S. breakfast cereal market.
Company Market Share
Kellogg…………………………

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