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The beer industry used to consist of a 3 firm oligopoly where each firm made about the same kin of beer, and each firm made some economic profit. there were no barriers to entry, and the micro breweriers entered offering a greater variety of beers.A)what kind of market is this, and draw how long run equilibrium for a typical micro brewery.B) contrast this with perfectly competitive long run equilibrium(some of this comparison can be a list, but specifically why explain excess capacity exists n one kind, and how the consumer fairs in both(positive and negative))
timmy tyler 52 years old was fired by his employer university tool and dye. after he was fired timmy received a letter
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
after visiting several automobile dealerships richard welch selects the car he wants. he likes its 10000 price but
consider a potential voluntary exchange between two people. assume that both have complete info about each others
consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.50unit of
Briefly discuss whether this problem provides enough information to determine whether the equilibrium price and quantity of trucks increased or decreased.
What is an example of big data either from your personal experience or outside research? How can big data impact an organization?
Discuss cultural dimensions to doing business internationally and identify how culture affects international management. Specifically your essay should consider including the following suggested topics
a firm in a purely competitive industry has a typical cost structure. the normal rate of profit in the economy is 5
Cammco Industries operates in a large competitive market. While there are some other comapnies in industry due to the high fixed costs of building plants, rival companies are very aggressive in their pricing strategies.
To win, they have to guess the exact percentage that answered a question a certain way, and the range has already been narrowed to an 11-point range.
An economist claims, based on an econometric study, that high profit in a certain industry are explained by that industry’s high Herfindahl-Hirschman Index (HHI). If you felt, based on your knowledge of the industry, that this claim were untrue, what..
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