Questions
1.) The HHI in this market is Market share Firm A 50% Firm B 30% Firm...

1.) The HHI in this market is

Market share

Firm A
50%
Firm B 30%
Firm C 20%

a. 3800

b. 1800

c. 100%

d. 6800

2.) A good example of a vertical merger is a

a. Fast food franchise buying another franchise

b. Wire manufacturer buying a copper mine

c. Cigarette company buying a cookie company

d. Airline buying a car manufacturer

3. You would most often find economies of scale in a (n)

a. Natural monopoly

b. Very competitive firm

c. Oligopoly

d. Monopolistically competitive firm

In: Economics

Reflect on global business and trade, in the context of oil and gas industry. Consider these...

Reflect on global business and trade, in the context of oil and gas industry. Consider these questions:

1.) How much does oil and gas  industry rely on global markets for its success?

2.) What are the advantages and disadvantages for oil and gas industry to be a part the global business environment?

You have a 600 word limit. Please include your rationale. Also APA citation.

In: Economics

IncorrectQuestion 8 0 / 1 pts In the market for restaurant dining, if wages for restaurant...

IncorrectQuestion 8

0 / 1 pts

In the market for restaurant dining, if wages for restaurant workers increases and the preference for restaurant dining declines, then the most likely affect in the market for restaurant dining is:

price will increase, and quantity exchanged will increase.

price will increase, and quantity exchanged will decrease.  

price will decrease, and quantity exchanged will increase.  

price will decrease, and quantity exchanged will decrease.

price will increase, and quantity exchanged will remain the same.

price will decrease, and quantity exchanged will remain the same.

price will remain the same, and quantity exchanged will increase.

price will remain the same, and quantity exchanged will decrease.

IncorrectQuestion 9

0 / 1 pts

In the market for bananas, if consumer preference for bananas increases and costs to ship bananas decreases, then the most likely affect in the market for bananas is:

price will increase, and quantity exchanged will increase.

price will increase, and quantity exchanged will decrease.

price will decrease, and quantity exchanged will increase.

price will decrease, and quantity exchanged will decrease.

price will increase, and quantity exchanged will remain the same

price will decrease, and quantity exchanged will remain the same.

price will remain the same, and quantity exchanged will increase

price will remain the same, and quantity exchanged will decrease.

IncorrectQuestion 10

0 / 1 pts

In recent years, in the market for computers it has been observed that prices have decreased and the quantity exchanged has increased. The most likely economic reason for this is:

an increase in demand for computers.

an increase in technology in the production of computers.

an increase in demand for computers and an increase in technology in the production of computers.  

a decrease in demand for computers and an increase in technology in the production of computers.

In: Economics

A malaria-infected village decides to establish a mosquito eradication program. The program costs $5 million in...

A malaria-infected village decides to establish a mosquito eradication program. The program costs $5 million in order to be effective, and each village inhabitant is asked to voluntarily contribute to the fund. The mosquito eradication program is never implemented, and the village continues to have a malaria problem.

Which economic concept best explains this outcome?

(A) Deadweight Loss.
(B) Government Failure.

(C) Public Goods Game.

(D) Negative Externalities.

20. You go to the library to study for your exams. A cringe boomer sits beside you, and starts blasting his 1980s boombox radio, making it difficult for you to concentrate. Which economic concept best explains this situation?

(A) Deadweight Loss.
(B) Government Failure.

(C) Public Goods Game.

(D) Negative Externalities.

In: Economics

In the Keynesian model, a decrease in government purchases affects output by 1. decreasing labor supply,...

In the Keynesian model, a decrease in government purchases affects output by

1. decreasing labor supply, because workers feel effectively poorer.


2. decreasing saving to pay for future taxes, lowering the real interest rate and shifting the IS curve to the left.


3. decreasing the real interest rate due to crowding out, reducing aggregate demand.


4.decreasing aggregate demand as national saving declines.

In: Economics

If Sweden isn't Socialist, what is it? How would they each respond?

If Sweden isn't Socialist, what is it? How would they each respond?

In: Economics

Please discuss the important factors in explaining increases in real GDP per capita in the long...

Please discuss the important factors in explaining increases in real GDP per capita in
the long run. Which factor do you think is the most important? Why?

In: Economics

An industry has the market demand of: P= 6300−2Q. The market is served by a large...

An industry has the market demand of: P= 6300−2Q. The market is served by a large collection of firms all with constant marginal costs: MC= 4200
a. what is initial price
b. if one firm was able to innovate and drive their MC=3200, what is price and quantity this firm would choose to set max profits as a monopolist if it had the market to itself?
c. suppose a one firm is able to drive their MC=3200. what is the price and quantity this firm would set? profits? is this innovation large or small?
d. there are a lot of firms in the market and a firm has reduced its costs. what is the output and profits of this innovative firm when practicing first degree price discrimination after MC=3200

In: Economics

To what extent is the course and pace of Canada’s economic history explained by direct and/or...

To what extent is the course and pace of Canada’s economic history explained by direct and/or indirect(portfolio) investment, whether domestic or foreign?

In: Economics

To what extent did the conquestof New France by Britain and thedefeat of Britain by the...

To what extent did the conquestof New France by Britain and thedefeat of Britain by the American Revolutionaries determine the distinctiveness of Canada’s economic development and therole of Indigenous peoples?

In: Economics

What distinguishes the staples theory from the neo-classical growth model?

What distinguishes the staples theory from the neo-classical growth model?

In: Economics

Nestlé has found changes in China a challenge to deal with. Explain why change management is...

Nestlé has found changes in China a challenge to deal with. Explain why change management is important for international business, and what changes in the host country’s environment can affect the company’s overseas operations.

In: Economics

To what extent does the staples theoryexplain the economic development of Canada? Discuss in the context...

To what extent does the staples theoryexplain the economic development of Canada? Discuss in the context of the fur trade, agricultural development and the timbertrade. How might the relationships have changed over time?

In: Economics

To what extent do institutions explain the historyof the relationship betweenIndigenous people and settlers whomigrated to...

To what extent do institutions explain the historyof the relationship betweenIndigenous people and settlers whomigrated to Canada,or who are descended from migrants. What are some of the longer-term economicimpacts of this relationship?How do you think this relationship might inform Canada’s present and future economic development?

In: Economics

List some of the major financial events of the 1990s to illustrate the impact of exchange...

List some of the major financial events of the 1990s to illustrate the impact of exchange rate fluctuations on the economy.

please do some specific answers and show more details. Thanks a lot.

In: Economics