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Author Question: Suppose the demand for pizza in a small isolated town is p = 10 - Q. There are only two firms, A and ... (Read 68 times)

ARLKQ

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Suppose the demand for pizza in a small isolated town is p = 10 - Q. There are only two firms, A and B, and each has a cost function TC = 2 + Q. Compare the firms' profits if they behave as Cournot duopolists with their profits if they form a cartel and share the market.
 
  What will be an ideal response?

Question 2

A union's success in raising the wage depends on
 
  A) the elasticity of demand it faces.
  B) members' ability to act collectively.
  C) the share of the labor market that is unionized.
  D) All of the above.


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lkoler

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ARLKQ

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


ecabral0

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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