1. Explain the differences between tacit and explicit collusion.
2. Describe the five factors that make an industry particularly conducive to collusion.
3. Some countries’ competition and antitrust policies are pro-competition and pro-consumer, whereas other countries’ policies are pro-incumbent and proproducer. How do they differ?
4. Suppose in Country A, a widget firm has absorbed all of its fixed cost (cost that does not change with the level of output such as rent), and now all additional cost is only variable cost (cost that does vary with the level of output such as raw materials). In Country A, the price was enough to cover both its fixed
cost of $100 and variable cost of $10 and provide an additional profit of $10. It sold only one for a price of $120. Suppose the widget firm received an order from Country B for one widget and indicated that the buyer in Country B would pay $20—enough to cover the variable cost of $10 and provide a $10 profit. If the widget firm agrees, it will have total cost for the two widgets (one sold in Country A and one in Country B) of $100 fixed cost plus $20 variable cost that is an average total cost for two units of $60. If it sells the widget to Country B for $20, will it be selling it above or below cost? Explain.

 

The post The differences between tacit and explicit collusion appeared first on homework handlers.

Problem-solving and critical thinking are abilities related to the functioning of our executive system. Problem-solving, judgment, decision-making, and reasoning are essential skills for many different aspects of life, including most jobs and careers. Problems may have one or many solutions; however, clear understanding of the problem is essential to choosing an appropriate path for problem-solving. In many career fields, problem-solving is an essential skill. “Soft skills” are those job skills that include the ability to work well with others, particularly in team-oriented work environments where communication and collaboration are essential. Imagine that you are in a school district where you lead a team of educators. You have been assigned to hire personnel who can install accessibility equipment for children with disabilities throughout the school grounds. You have been asked by the superintendent to provide a job requirement report.
Write a 1,250- to 1,400-word job requirement report in which you address the following questions: • What are the most important executive functioning skills you would look for in a potential employee you were interviewing to hire? • As the team lead, how would you assess the employee’s executive functioning skills, including “soft skills”? • Explain how you would differentiate the strategies and principles of cognition required for this particular job posting. • Describe the questions you would ask the candidate to assess their problem-solving skills. • Explain the rationale of the types of questions you would ask to assess executive functioning skills.

The post Problem-solving and critical thinking appeared first on homework handlers.