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- Find an example of MFN clause (other than the ones mentioned in the chapter) and discuss their relevance in preventing price competitionIf the gasoline price remains low and the gas engine becomes more efficient for all kinds of models, what will be the possible impact on the U.S. market price of Tesla Model X? Please explain your answer in the language of economics.On April 1, 2009, in the middle of a recession, the government of the province of Ontario, Canada increased the provincial minimum wage from $8.75 to $9.50. What will the likely effect of this policy be?
- Explain why the AFC curve continually declines (and gets closer and closer to the quantity axis).A car rental agency lowers their rates by 10 percent. If the agency wants to recoup the income lost by lowering the prices and have total revenues at least as high as before, it needs sales toWhat is advantage and disadvantage of economic prices for non tradable good in distorted markets