Questions from General Economics


Q: How can cartels sow the seeds of their own destruction?

How can cartels sow the seeds of their own destruction?

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Q: What kind of agreements may cartels work out to reduce competition among

What kind of agreements may cartels work out to reduce competition among themselves?

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Q: How are the professional sports leagues like a cartel?

How are the professional sports leagues like a cartel?

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Q: What happens to employment opportunities and wages paid in all non-

What happens to employment opportunities and wages paid in all non-competitive product markets? Why?

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Q: Which market structure do most real world markets approximate?

Which market structure do most real world markets approximate?

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Q: What effect would a successful advertising campaign differentiating a product from one's

What effect would a successful advertising campaign differentiating a product from one's competitors have on a monopolistically competitive firm's demand and its elasticity of demand? What does this d...

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Q: What short-run effect might a decline in the demand for

What short-run effect might a decline in the demand for electronic components for automatic teller machines have on Computech’s average total cost curve?

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Q: In a non-collusive oligopoly if one firm increased its price

In a non-collusive oligopoly if one firm increased its price what would the other firms likely do? What about a price decrease? How is this related to a kinked demand curve?

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Q: What are some strategies that firms use to collude?

What are some strategies that firms use to collude?

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Q: Why does the demand for labor slope downward? Answer

Why does the demand for labor slope downward?

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