Examlex

Solved

There Are 100 Identical Demanders of Product Y, and the Demand

question 66

Multiple Choice

There are 100 identical demanders of product y, and the demand function for each individual is y = 10 - p. The production function for any firm is y = min(z1,z2) . If the prices of z1 and z2 depend on aggregate input requirements in the following way: w1 = z1/200, w2 = z2/200, then the quantity produced in long- run equilibrium is:


Definitions:

Antitrust Suit

Legal actions taken by governments against companies to prevent monopolistic practices and promote competition in the marketplace.

Horizontal Mergers

Horizontal mergers are business consolidations that occur between companies operating in the same industry, often resulting in a stronger competitive entity.

Conglomerates

Large corporations that consist of diverse companies or divisions operating in various industries or sectors, usually as a result of mergers or acquisitions.

Antitrust Enforcement

Government actions aimed at promoting competition among businesses by preventing monopolies, cartels, and other practices that restrict free trade.

Related Questions