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1-What are some of the ethical dilemmas faced by traders in their pursuit of profits for both their company and themselves?
2-Suggest solutions to these dilemmas which will allow the trader to continue to produce profits.
Microeconomics, Economics
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Question: Suppose a gym faces inverse demand p(qi) = a - bqi from each of N identical customers, and costsrepresented by C(Q) = cQ. Without competition, this would imply that qi = (a- c)/2b , and p = (a+c)/2 . The is one ...
Question: If a coal mining company would be willing to produce and sell 9 million tons a year at $150/ton, but would be willing to produce and sell 11 million tons a year at $250/ton, - calculate its price elasticity of ...
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