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What do you think would happen to the public who relies on high tech new drugs, if the US government required all pharmaceutical firms to sell their drugs in a competitive market.
The market with identical generic versions of Zatab. What price and quantity will result once the patent expires and competition emerges in this market? Explain your answer.
Explain why group incentives are more effective at increasing group output than individual incentives when group members are complements in the production function.
A passing paper by him or herself by incurring the full cost c. Set up the payoff matrix and find the Nash equilibrium. What type of game is this?
A hearing is scheduled for your company to present arguments that your firm has not increased its market power through the merger. Can you do this? How? What evidence might you bring to the hearing?
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket? What kind of strategic situation is this?
Price discrimination sounds like a very socially "bad" thing. Can you think of any reasons why price discrimination could be viewed as a socially "good" thing? Explain.
How could rationing coupons insure that consumers with the highest values get the limited amount of a good supplied when government prices ceilings create shortages?
Relate the question to Mexico and the United States of America and use a graph to explain. Discuss the challenges of applying the theoretical concept into practice in the short-term and long-term.
Can the researcher say with a 0.05 level of significance that the proportion of children not completing primary school is more than 1%? What is the relevant bound of the rejection region?
Demand for Fred's jewelry in the two cities is given by QLA = 70 - 2PLA and QSF = 55 - PSF. If Fred price discriminates between the two cities, how many stones will it sell in Boston?
Price elasticity of demand for apartments is 1.0 and the price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a?
According to the commentary, which of the following aspects of French labor policy marginalize young, less qualified workers?
Calculate the eight-firm concentration ratios for 2006 and 2011. Does this index give you any different indication about changes in the industry over the same period?
If the company were to build the bridge, what would be its profit-maximizing price? Would that be the efficient level of output? Why or why not?
What is Jerry's price elasticity of demand (in absolute value)? 0.5,1 or infinity? The answer would be zero if he did not care for the cost, but since he is limited by $10, what is the answer?
If your employees are self-interested, how much output would you expect each individual worker to produce without monitoring?
suppose that one company acquires all the suppliers in the industry and thereby creates a monopoly. what are the monopolist's profit maximizing price and total output?
competition from discount air carriers such as ryan air and easyjet. Find the price and quantity for the euoropean air route if perfect competition becomes the norm.
If a sample of 110 artists was taken, find the average value above which only 15% would lie. Give your answer in dollars to the nearest dollar.
A standard deviation of 16.5 hours. The best 65% of batteries would last beyond how many hours? Answer correct to 2 decimal places.
Suppose a random sample of size 16 is taken, and the variance of the sample is calculated to be 5. What is (approximately) the probability that the population variance is less than 7?
Finally, suppose 10% of fans are Rabid. What is the probability of any fan watching the game at Home? If a fan watches the game Live, what is the probability that they are Rabid?
What is the critical value for the sample mean? Suppose the answer to part a is 23.5 (it is not, but assume it is to do part b). If the true value of efficiency in the population is 22.75.