Assume a duopoly of office supply big box stores where each carries the same merchandise and each advertises that it will "meet or beat" any competitor's price. Assume further that they have no online competition from anyone else. How does the "meet or beat" policy affect buyers in terms of the prices offered to them over the long run? What does this suggest about oligopolistic behavior generally?

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.

Which of the filling is a social news site