It is argued that a point spread or total on a sports contest in the betting market is similar to: A) A disequilibrium B) A price ceiling C) A price floor D) An asset price
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It is argued that a point spread or total on a sports contest in the betting market is similar to:
A) A disequilibrium
B) A
C) A
D) An asset price
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- Bargaining power of customers is likely to be the lowest for markets involving Apparel Automobiles Patented drugs InsuranceA travel agency identifies two customer segments for a cruise ship. The demand curve for customers that are less price-sensitive is D1=1000-2P1. The demand curve for customers that are more price-sensitive is D2=1000-3P2. The cost of maintaining each cabin is $50. If one single price is charged, what is the price to maximize the profit? What is the profit? If the differential prices are charged to each customer segment, what is the price for each customer segment respectively? What is the total profit? What is the profit increase by charging different prices to each customer segment compared with one single price?In a certain region, there are four major healthcare providers: A HealthCare, B CarePlus, C MedWell, and D LifeCare. The market shares of these providers in terms of patient visits are as follows: A HealthCare: 35% B CarePlus: 25% C MedWell: 20% D LifeCare: 20% Calculate the Herfindahl-Hirschman Index (HHI) for the healthcare provider market in this region. Is this market considered concentrated or competitive according to the HHI interpretation?
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