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4) what is duverger's law and how dose it help to explain the two-party system in the us?
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- 1.Describe Alternative Dispute Resolutions such as Negotiation, Mediation and Arbitration. Why are such alternatives of dispute resolution important in Business?ii)Do you think oligopoly markets operate efficiently?2. Film producer S costs c=20 to produce one film. B, an online movie distributor, earns v=120 if the movie is distributed. In order for B to distribute the movie, it must be purchased from S. If there is no transaction between S and B, each earns a profit of zero. Find the sum of S's profit and B's profit by the transaction price formed when S and B's bargaining power is 50:50.
- Refer to the table below to answer the following questions. Table 14.2.10 Fim A Comply A: Sim Cheat A $1 Sm Comply B Sim B-S05m Firm B A:-50.5m A0 Cheat B $15m B:0 Refer to Table 14.2.10. Firm A and Firm B are the only producers of soap powder. They collude and agree to share the market equally. The equilibrium a dominant strategy equilibrium because the strategy in this game is for a firm Select one O A is to comply regardless of the other firm's choice O B.is to comply when the other firm cheats and to cheat when the other firm complies O Cis not to comply when the other firm complies and to cheat when the other firm cheats OD. is to cheat regardless of the other firm's choice OEis not to comply when the other firm cheats and to cheat when the other firm complies 219 PMWho was one who developed duopoly model in the economics??Somehow Im having trouble with parts a-c. Could I have help understanding and solving giving this is a Bertrand duopoly model.
- For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market share made them essentially monopolies. In a global market, where U.S. films compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context?Why does Manuel Velasquez think that multinational corporations are in a situation akin to a prisoner’s dilemma?What does the prisoner’s dilemma teach us about the behavior of oligopolists? Group of answer choices 1-It is a scenario that teaches us that the gains from cooperation are larger than the rewards from pursuing self-interest. 2-It teaches us that the oligopoly market structure always leads to poor business results. 3-It teaches us that oligopolists typically get better business results when they pursue their own self-interests. 4-It teaches us that oligopolists make random decisions about business decisions that could land them in jail.
- The payoff matrix represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. Each seller must decide whether or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions. Heifer's Gold Cheat Do not cheat Cheat A Milky Moos $148,000 $148,000 $200,000 $140,000 Do not cheat B a. Does either member have an incentive to cheat? $200,000 D $140,000 $150,000 Milky Moos will cheat, but Heifer's Gold will not. No, neither has an incentive to cheat. Heifer's Gold will cheat, but Milky Moos will not. Yes, both will cheat. $150,000 b. How does cheating impact the other cartel member? O Cheating hurts the member who does not cheat by decreasing its profits. Cheating does not impact the other member. Cheating helps the other cartel member by increasing its profits.35. There are three models of the oligopoly: 1. The in which competitors will match any price decrease and ignore any price increase. elastic than the Because of this, the elasticity of demand for higher prices is elasticity of demand for price decreases. a. b. In this model, there is no incentive for any firm to change price. Why?3 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?