The south american cocaine industry consists of several, Ask an Expert

Economics

The South American cocaine industry consists of several "families" who obtain the raw material, refine it, and distribute it to the U.S. There are only about 3 large "families", but there are several small "families". What market structure does this most closely resemble? Explain completely and thoroughly. What predictions based on the market model can be made about the cocaine business? How do you explain the lack of wars between the families?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91694718

Have any Question?Write your Review or question?

Related Questions in Business Economics

True and false question and need to explain itthe theory of

True and False Question and need to explain it The theory of comparative advantage states that trade arises due to different amounts of labor and capital in a country. What arises trade in neo-classical model and o-h mod ...

The demand for salt is relatively price inelastic while the

The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.

The risk-free rate is 6 and the expected rate of return on

The risk-free rate is 6% and the expected rate of return on the market portfolio is 13% a. Calculate the required rate of return on a security with a beta of 1.15. (Do not round intermediate calculations. Enter your an ...

Elasticity questionplease show work very elementary im

Elasticity question Please show work very elementary I'm having a hard time understanding. Find e=dq/dp*p/q at profit maximizing given the following: Qd = 12 - 4p TC = 8-12q + 3q^2

Suppose the price level and value of the us dollar in

Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. a. If the price level rises to 1.15 in year 2, what is the new value of the dollar? b. If, instead, the price level falls to 0 ...

Last years budget for the legislative branch of a certain

Last years budget for the legislative branch of a certain government was 4938 million, and this year was 5320 million. Consider last year budget of 4938 million to be the reference value. 1. What will the absolute change ...

1 let z be a standard normal random variable with mean 0

1) Let Z be a standard normal random variable with mean = 0 and standard deviation = 1. Us the normal table to find the following answers. a) P(0 b) P(-1.22 c) Find the value Z 0 such that P(0 0 )= 0.4901. 2) On a typic ...

What do economists mean when they say that here is no such

What do economists mean when they say "that here is no such thing as a free lunch"?

A data set amount in dollars spent on books for a semester

a. Data set: Amount (in dollars) spent on books for a semester. Number of classes: 6 91 472 279 249 530 376 188 341 266 199 142 273 189 130 489 266 248 101 375 486 190 398 188 269 43 30 127 354 84 b. Number of classes: 5 ...

Blooper industries must replace its magnoosium purification

Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $15 million. The system will last 5 years. Do-It-Right sells a sturdier but more ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert