Practice_Midterm_3

E 5pointswhathappenstoconsumersurplus practicemidterm

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Unformatted text preview: estments,
the
response
was,
“Every
firm
in
this
 industry
has
historically
used
a
discount
rate
of
12%
for
to
evaluate
new
projects.”

 11. There
were
limited
attempts
to
consolidate
this
industry
in
the
early
1980s.
Those
 attempts
were
widely
considered
to
be
a
failure.

 
 Your
job
is
to
develop
a
hypothesis
that
explains
the
pattern
on
prices
that
we
see
in
the
 cargo
shipping
ind...
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This document was uploaded on 03/09/2014 for the course BUS 01 at NYU.

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