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“In the long run, there is no difference between monopolistic competition and perfect competition.” Discuss whether this statement is true, false, or ambiguous with respect to the following criteria: a) The price charged to consumers b) The average total cost of production c) The efficiency of the market outcome 1 d) The typical firm’s profit in the long run
q.suppose that the world consists of only two countries a and b of relatively equal sizes. the world interest rate in
How would you array the following organizations in terms of the depth and breadth of their product lines: (a) a solo-practice family practitioner who does not deliver babies, (b) a multispecialty group practice that provides primary care at five sate..
Draw a well-labeled graph that illustrates the steady state of the Solow model with population growth. Use the graph to find what happens to steady-state capital per worker and income per worker in response to each of the following exogenous chang..
What are the differences between economic and accounting concepts of cost? How are prices determined under perfect competition? How are prices determined under monopoly?
What is community policing? How does it differ from traditional policing? Does community policing offer an opportunity to improve policing services in the United States? Why or why not?
q.apex corporation has an equity cost of capital of 14.4 and a debt of 6 and the firm maintains a debt equity ratio of
Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.
the economic analysis of legal concepts such as property law contracts torts the legal process crime and punishment.
Explain the concepts of intrinsic value and economic value added for Federal Express and United Postal Service. Discuss financial (e.g., ratios and balance sheets analysis) and non- financial variables at play in valuing the two companies. Explain ho..
Consider a labor market where the current equilibrium wage rate (W) is S5 and there are 50,000 individuals employed. Assume that the elasticity of demand for labor (ED) is equal to -0.2 and that the elasticity of supply (Es) is equal to 0.1. Now, if ..
Suppose there are two potential objectives, but this particular decision maker cares only about one of those objectives and not at all about the other. Draw a diagram with the amounts of each objective on the axes, and then show what his indifference..
A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..
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