The Lorenz curve in Nation A is closer to the 45º line of eq…

The Lorenz curve in Nation A is closer to the 45º line of equality than the Lorenz curve in Nation B. Consequently, it is definitely the case that Income is distributed more equally in Nation A than Nation B. The average income is higher in Nation A than in Nation B.

Imagine that Intel and AMD are a duopoly, that is, the only…

Imagine that Intel and AMD are a duopoly, that is, the only two firms that produce CPU chips. Further suppose that they form a cartel which produces the monopoly profit-maximizing output and sets the monopoly profit-maximizing price. Both firms equally share the economic profit. If Intel and only Intel cheats on the cartel, Intel ____ its output, Intel’s economic profit ____, and total economic profit of the two firms combined ____.

Justin Frain, entrepreneur, investor, and Gator Alum, curren…

Justin Frain, entrepreneur, investor, and Gator Alum, currently works to create a multiplier effect by inspiring high-growth entrepreneurs to dream bigger, supporting and investing in them to scale faster, and providing a platform to pay it forward. He does this by working with which of the following organizations: