WE ARE ALL MARKET LIBERALS NOW

Week 5Oligopoly1IntroductionWe’ve modeled 2 ends of the market structure• Competitive market ( N = ∞ )• Monopoly ( N = 1)Now we look at cases in between ( N = small )Oligopoly: Market or industry dominated by a small numberof firms, whose decisions (price, output,[r]

11. I didn’t ask any questions, _____?12. She can’t lend money to herfriend, ______?13. The bus hasn’t arrived yet,______?14. We are not studying now, _____?15. Tom hasn’t lost his keys, _____?16. Liz didn’t send an e-mail to herfriend, _____?17. We aren’t watching a nice[r]

x ! z (not equivalent to z), i.e., x is not z. Now, x ! z implies x zor z x which in turn implies z x since x z. From z x and x y,we have z y by transitivity of , contradicting the hypothesis y z.We could start out with a weak preference relation and define and from i[r]

Going To The Zoo (by Tom Paxton)Let’s all go to the zoo tomorrow,Zoo tomorrow, zoo tomorrow;Let’s all go to the zoo tomorrow,We can stay all day.We're going to the zoo, zoo, zoo;How about you, you, you?You can come too, too, too.We're going to the zoo, zoo,[r]

Write the article the when necessary. If no article is necessary write O.We Live in an Icebox!“Who wants to live in an icebox?” you ask. “We do!” I answer.I am Peter Penguin. Penny Penguin is my wife. Penny and I love our home. Butit is cold as an icebox!Our land is very large. All<[r]

This paper investigates how internal migration is affected by Brazil’s increased integration
into the world economy. We analyze the impact of regional differences in access to foreign
demand on sectorspecific bilateral migration rates between the Brazilian states for the
years 1995 to 2003. Using in[r]

Airline industries would be negatively affected by rising fuel cost. The two chartsbelow illustrate how rising crude oil future prices hammered down the airlineindex.Sometimes we experience sudden sharp ups and downs of the market causedby program trading. This is also related to the f[r]

travel by boat or shipcruisedo, make, perform,considerbend over, put your head downchallengethink aboutMatch these definitions to the correct expression from the song:(1) Accept a compliment or praise (good opinions) from others_________________________________________________(2) Be bullied or frigh[r]

Commonly confused prepositions part 2Across and over can both be used to mean ‘on the other side of a line / road / bridge etc’.There is a hospital across / over the border. (= There is a hospital on the other side of the border.)His shop is across / over the road. (= His shop is on the other side o[r]

VIP Lesson VideoHi, it’s A.J., welcome to the VIP Program, the VIP Global Leadership Program. Now thisis the first lesson set that everyone gets when they join the VIP Program. Of course inthe future I will send you a new set of lessons every month. Once a month you will getan email from me a[r]

Why go to university?There are many advantages to a college or university education. Somestudents attend college or university for acquiring both general and specificknowledge, some for preparing a chosen career and some for developingindependence and exploring new experiences. All of[r]

(A) individual(B) individuals(C) individually(D) individuality115. The members of thetour group were ___ togather together at thefront entrance of themuseum.(A) instruct(B) instructed116. The coursetextbook provides a___introduction to themajor issue in businessmanagement today.(A) comprehensive(B)[r]

The same applies to speculating. Speculating means making suggestions, whereyou don't necessarily know the right answer.Here are some phrases you can use to speculate:Why do teenagers vandalise public transport?If I had to guess I'd say that it's boredomI'm not sure but from my observation it[r]

Question 1: Chọn C.Almost (adv): hầu như, gần nhưTạm dịch: While almost everyone accepts the goal of developing skills in the three “R’s”- reading, writing, andarithmetic : Trong khi hầu như mọi người chấp nhận mục đích của phát triển ba kĩ năng “R’s” – đọc, viết và số học.Almost + Đại từ bất định ([r]

Beyond the basic advances found in the file systems we have studied thus far, a number of features are worth studying. In this chapter, we focus on reliability once again (having previously studied storage system reliability in the RAID chapter). Specifically, how should a file system or storage system[r]

ASEANThe historical document, which was considered the declarationof the Association of Southeast Asian Nations (ASEAN), wassigned on 8 August 1967 by five leaders – the ForeignMinisters of Indonesia, Malaysia, the Philippines, Singaporeand Thailand. That’s why the traditional day of thisorganisatio[r]

FUTURE TIME CLAUSESFuture SimpleWHENTILLUNTILBEFOREAFTERWHILEAS SOON ASAS LONG ASPresent Simple1. When you (arrive) _______________________ , we (go) _______________________ to thecinema together.2. She (not help) _______________________ until we (ask) _______________________ her to do[r]

Talking about what you are doing at the momentThe present continuous tense is one of the most commonly used tenses in English. It is the tense form that weuse to talk about things we are doing at the moment. Note that this tense is not used to talk about things thathappen all[r]

Writing Task: Clothes-What we usually wear and what we are wearing now.My mother usually wears skirts and jackets, but today she is wearing a dress.My father usually wears a suit to work, but today he is wearing black trousers and q blue shirt.I usually wear jeans to scho[r]

Exercise 1. Put the verbs in brackets into the correct present forms.
Well, I (1. neverwin)________________ anything like this before I (2. onlyenter) ________________ a few competitions in my life so this is a big surprise. Of course, I (3.watch) ________________TV quiz shows for years, but now I[r]