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Explain a monopoly and oligopoly that you have recently purchased a product from. Please relate your answer to the market characteristics. Explain why there is a lack of competition that exists in these market structures.
2-3 paragraphs and apa format.
Use a principle, or principles, discussed in the course to explain some pattern of events or behaviour that you personally have observed.
When you are given the units of resource, total product, and marginal product. what do you need to find to determine how many resources the firm will employ.
The challenge that each country is facing is to ensure that trading is going to influence more production within the domestic economy. In the US, we have a trade deficit, which means that we import more than we export. How do you think the US economy..
How does the app called GasBuddy (http://www.gasbuddy.com/) affect the local market for gasoline? Specifically, outline the relevance to buyers (consumers) and sellers (local gas stations). Does it help to make the local market for gas competitive..
A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 200 during the learning period, 800 during the working period, and 200 again during the retirement period. The consumer's initi..
Presume that there is one manufacturer and one retailer. Final inverse demand is P(q) = 100-2q. Marginal cost of the manufacture is 10 and the retailer has a marginal retailing cost of 5 in addition to the wholesale price charged by the manufacturer...
Describe and explain EIA's forecast for the price of gasoline, coal and natural gas. Identify the factors that are affecting the forecast. Discuss specifically the impact of shifts in supply, shifts in demand, and examples of substitutions
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.5P, and the marginal cost of production is $100. Decide the optimal number of units to put in a p..
Determine several points on the firms demand curve for labor. To do this, you must determine how many workers the firm should hire for different values of the wage rate in order to maximize profit. Complete the table below:
The demand curve for 48" Sony flat screen televisions is likely to move to the right when consumer incomes increase.
Explain the factors and mechanisms of growth - Explain how governments use monetary and fiscal policy to manage the economy.
Atleast a 300 word essay. Use the LIRN library to find an article about U.S. treasuries and the bond market related to the quantitative easing that occurred after the Great Recession.
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