Describe Alternative Dispute Resolutions such as Negotiation, Mediation and Arbitration. Why are such alternatives of dispute resolution important in Business?
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A: Answer - Bertrand Model :- It is model where each firm has similar goods and they try to compete…
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A: Bidding process uses the electricity generation sector that provides electricity to pooling and with…
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A: Oligopoly is a form of market in which the market or industry is controlled by a small group of…
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A: Answer - Given in the question - As parties were small and close corporation . With this…
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A: ANSWER As monopoly and oligopoly both have significant role in taking care of resources.
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A: The concept of law of one price states that the price of 2 goods or asset remains same across the…
Q: What is the concentration ratio?
A: The four-firm concentration ratio is the sum of total sales market shares of top 4 firms in the…
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A: Oligopoly is a market with few large firms selling homogeneous or differentiated goods
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A: Below is the given values: Cost of producing a movie = 20 Distributor earns =120
Q: 1. Consider a market for water with two firms. We assume two firms can produce e. In the equilibrium…
A: Part c) Yes there is incentive for both firms to cheat.
Q: What is the concentration ratio?
A: The four-firm concentration ratio is the sum of total sales market shares of the top four firms in…
Q: Answer the second part
A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: 4. (0,.7 or 10) Provide an example of product differentiation using any industry you want (e.g.,…
A: The answer is as follows:-
Q: Revenue and Costs ($) TC Given TFC = $40.00 Q1 = 30.00 Q2 = 40.00 Q3 = 50.00 Q4 =80.00 Q5 =86.00 P1…
A: At Q5, Q=Q5=86TR=P6=210TC=P61=320
1.Describe Alternative Dispute Resolutions such as Negotiation, Mediation and Arbitration. Why are such alternatives of dispute resolution important in Business?
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- Which factor would make it difficult for Georgia peach suppliers to collude? Select one: a. each supplier having the same costs b. only a few suppliers c. buyers of peaches having very little bargaining power since peaches are homogeneous d. only a few buyers of peaches3 1. Describe the bidding process by which the electricity generation sector provides electricity to pooling and balancing authorities. Additionally, show this process by building an electricity supply curve. a. What antitrust and regulation concerns are present at the wholesale stage of the electricity market? b. Describe a market design that reduces market manipulation in wholesale electricity markets. Show that the Nash equilibrium under this market design will result in generators bidding their true marginal cost of production. c. Describe a vertically integrated industry as it pertains to the electricity sector. d. Describe non-linear (two part) pricing as it pertains to retail electricity sales. What is the purpose of this pricing system?1. In which type of alliance do two firms agree to support each other's activities in some manner, where the agreements are strictly informal with few, if any, legal protections to enforce the agreements? а. Subcontracting alliances b. Joint ventures C. Licensing arrangements d. Informal alliances
- I need help with econ multiple hw questions asap! 95) Which of these situations produces the largest profits for oligopolists? A. They produce a quantity of output that lies between the competitive outcome and the monopoly outcome B. They reach the monopoly outcome. C. They reach a Nash equilibrium. D. They reach the competitive outcome. 94) Refer to the attached Table 5. When this game reaches a Nash equilibrium, what will the value of trade flow benefits be? A. Canada $35 and Mexico $285 B. Canada $140 and Mexico $275 C. Canada $65 and Mexico $75 D. Canada $130 and Mexico $511. Mary Kate Corporation allows Ashley Company to use Mary Kate's trademark as part of Ashley's domain name. This is most likely a. b. 14. a license agreement. a likelihood of consumer confusion. c. counterfeiting. d. trademark dilution. 12. The parties to a contract, rather than insist on full and absolute performance, may instead choose to discharge contractual duties through which of the following: a. rescission b. novation c. accord and satisfaction. d. 13. Bobby opens a donut shop that sells an innovative new kind of donut. Bobby decides he doesn't need to consult a lawyer and he calls the new donut "The Donut". Bobby extensively markets "The Donut", has a high sales volume and becomes well known for selling "The Donut". The term Donut, in Bobby's product name is automatically protected against trademark infringement. All of the above are correct. a. b. receives no protection against trademark infringement. C. can be registered as a trademark to obtain protection against…Quantity (in gallons) Total Price Revenue $8 $0 50 7 350 100 600 150 750 200 4 800 250 3 750 300 600 350 1 350 400 Imagine a small town in a remote area where only two residents, Maria and Miguel, own dairies that produce milk. Their respective dairies are equal in size. Each week Maria and Miguel work together to decide how many gallons of milk to produce and what price to charge. To keep things simple, suppose that Maria and Miguel can produce as much milk as they want without cost so that the marginal cost is zero and there are no fixed costs. The weekly town demand schedule and total revenue schedule for milk is shown in the table above. Suppose the town enacts new antitrust laws that prohibit Maria and Miguel from operating as a cartel. Assuming that each producer can only modify quantity in increments of 50, which of the following is consistent with the Nash equilibrium for this scenario? Maria will charge a price of $5 for each gallon. Miguel will sell 100 gallons. Milk will…
- Let's assume that the biggest two firms in the video game sector merged and that the market share of the new firm representing the two merged firms is equal to 39% of the market. Let's assume that after merger HHI of the video game industry is 2071. Based on the Federal Trade Commission's historical standards for mergers, would the Federal Trade Commission certify this merger? No, the FTC would probably challenge the merger. No answer text provided. Maybe. The FTC would scrutinize the merger and make a case-by-case decision. Yes, the FTC would ignore the merger and allow it to go through.2. Which is a better market structure, Monopoly or Oligopoly? Why?Patents restrict competing firms from copying new technologies and are therefore a barrier to entry. What would happen in the renewable energy markets if patents were no longer awarded? Select one: a. Renewable energy prices would fall, and research into new energy technologies would increase. b. Current renewable energy companies would suffer, but new companies would benefit. c. Renewable energy markets would shrink, and energy prices would rise. d. Research into new energy technologies would fall, and new companies would enter renewable energy sectors which they can copy.
- . Identify a local competitor in your country and discuss their advantages and limitations with respect to their product offerings.Which of the following options is characteristic of a contestable market? a. losses in the long run b.easy entry and exit of firms c.high profits in the long run d.substantial economies of scaleSuppose that Bieber and Rihanna are duopolists in the music industry. In May, they agree to work together as a monopolist, charging the monopoly price for their music and producing the monopoly quantity of songs. By June, each singer is considering breaking the agreement. Assuming Bieber and Rihanna are rational, what would one expect to happen next? Question 36 options: a Bieber and Rihanna will determine that it is in each singer's self interest to maintain the agreement. b Bieber and Rihanna will each break the agreement. Both singers' profits will decrease. c Bieber and Rihanna will each break the agreement. Both singers' profits will increase. d Bieber and Rihanna will each break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price also will increase.
