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True or False: Coordinated effects are more likely when there are efficiency gains from the merger
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- The question is based on pure exchange economy. 1. For 45 provide the set of all outcomes that are pareto efficient. 2. For 46, provide an algebric solution if possible. Prove the result mathematically (answer for 46 is C since X is abundant) 3. For 47, provide a set of points (if exists) that will take us to the given equilibrium. Thank you.Sean is a community college student and has been saving his tips from his job waiting tables at a restaurant for months to see Hamilton. He is willing to pay $705 for a ticket. Anca has seen Hamilton five times already, but wants to see it again before heading to Europe for a month. She is willing to pay $1,250 for a ticket. There is one ticket left, and the seller is charging $700. Does Sean or Anca buying the ticket lead to a more economically efficient outcome?Poker players are known to bluff once in a while, meaning that they will make a large bet despite holding inferior cards in an effort to pressure other players to fold their hands. Would bluffing be considered a dominant strategy in poker? a) No, because if a player bluffs on every hand, other players will catch on and call his or her bluff. b) No, because bluffing is usually not successful and is therefore considered a secondary strategy. c) Yes, because it usually results in a winning hand. d) Yes, because it is the main strategy used by players.
- Ready Foods contracts to buy two hundred carloads of frozen pizzas from Speedy Distributors. Before Ready or Speedy starts performing, can the parties call off the deal? What if Speedy has already shipped the pizzas? Explain your answers.Which of the following would be classified as a situation where a third-party benefits from a market transaction by others? a. City buying 10,000 trees for green space renewal projects. b. Increased levels of air pollution in neighborhoods near a football stadium. c. Allowing a mining company to use a natural lake to discharge waste. d. Two firms trading pollution credits to avoid cutting their toxic emissions.Four neighbors, each with a vegetable garden, agree to share their produce. One will grow beans (B), one will grow lettuce (L), one will grow tomatoes (T), and one will grow zucchini (Z). Table shows what fraction of each crop each neighbor will receive. What prices should the neighbors charge for their crops if each person is to break even and the lowest-priced crop has a value of $50?
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- If a good is valued at $55,000 by the buyer and $47,000 by the seller, what amount of tax would result in an unconsummated transaction? Group of answer choices the transaction would never take place even if there wasn't a tax a tax of $7,999.99 a tax of $1,500 a tax of $9,000The Able Manufacturing Company and Better Bettors, Inc. are rival firms in the production of a calculator used by horse racing fans for handicapping (determining betting strategies). Each firm has a fixed cost of $100 and a MC = $10 in producing calculators. The demand for the industry’s product is: Q = 900 – 5P, where P is the market price and Q = Q1 + Q2. If each firm must choose how many calculators to produce and sell without knowing of its rival’s production decision, what will be the Cournot equilibrium price and quantities produced? Calculate the profit for each firm.Find a real life case in 2021 for mediation in a commercial business setting.