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Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?
List the four assumptions for the Monopolistic competition model. Now explain how the market will adjust in the long run and draw a corresponding graph for the representative firm in the long run. (Explain your answer.)
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input?
What is the relation between the price of the bond and the interest rate? If the interest rate is 8%, what is the price of the bond today? How does the demand for bonds vary with the price of bonds?
Elucidate when did we have the last major tax increase. How did the economy react to that over the next few years.
Explain how will different cultural perspectives of a region impact your global business operations.
Illustrate what happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET BUYER of government bonds.
Explain how can a domestic market be protected. If a country had protected domestic market, what would be the likely effect on its balance of trade.
Determine which of the following is not one of the basic preconditions for economic growth?
Discuss how labor market mobility affects the unemployment rate.
You are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market.
Employment also labor law influences as the organization grows both domestically and internationally
Use aggregate demand (AD) and aggregate supply (AS) model in which the short run aggregate supply curve slopes upwards to describe the equilibrium level of real GDP and prices if the economy is operating:
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