Microeconomics
Microeconomics
10th Edition
ISBN: 9781259655500
Author: David C Colander
Publisher: McGraw-Hill Education
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Chapter 13, Problem 4QAP

(a)

To determine

Check whether the perfectly competitive firm can produce profit-maximizing level of output without perfect knowledge.

(b)

To determine

Check whether perfect competition without perfect knowledge reflects the real world.

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Write a summary of the article "Are Emily and Greg more employable than Lakisha and Jamal? A field experiment on labor market discrimination" by Bertrand and Mullainathan (2004). 1200 words aproximately. In the first part of your summary, address the following questions based on the article: 1. What is the research question, and why is it important? 2. What are the main contributions of this study to the literature? 3. What empirical method is used to address the research question? What are the key assumptions for the method? 4. What data are used in the empirical analysis? 5. What are the main findings and conclusions of the paper? In addition to answering these questions, add your own comments, thoughts, or criticisms. For example, you can consider whether you are convinced by the methodology or results and explain why. You can discuss the main advantages of the paper, as well as its main drawbacks or limitations. You may also suggest potential areas for future research that could…
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