Which of the following best describes the problems associated with using the bertrand model to analyze an oligopoly when firms produce an identical good. a. the equilibrium price is insensitive to demand conditions and is only affected by the number of firms. b. the number of firms has no effect on the equilibrium price, but small changes in demand can have an unpredictable effect on price. c. the bertrand "competitive" equilibrium price is implausible and depends on the number of firms. d. the bertrand "competitive" equilibrium price is implausible and is insensitive to demand conditions.

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Amajor advantage of case studies is

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.