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Most firms lie between the two extremes of perfect competition and monopoly. Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
Clarify what happened to the profit maximizing output rate when input costs were increased.
Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues.
How many tickets to sell to maximize total welfare.
Illustrate what factors may influence a household when deciding between buying stocks, bonds, or a house.
Explicate Illustrate what happens to the interest rates when the Fed makes open market bond purchases.
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
Illustrate what is the Consumer Surplus in the market. Illustrate what is the Producer Surplus in the market.
How much equity would she have had in the house at the time of its sale.
Your company has immediately acquired another company which has locations in Quebec also Paris.
Illustrate what are factors that influence supply of loanable funds and the factors that influence demand for loanble funds.
Illustrate what price-quantity combination maximizes your firm's profits. Compute the maximum profits.
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