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Discuss the major barriers to entry into an industry. Explain how each barrier can foster either monopoly or oligopoly. Which barriers, if any, do you feel give rise to monopoly that is socially justifiable?
Illustrate what policies would you implement to help the economy reach full employment.
An automobile company is building a new factory in your town. what may be a positive externality of this event?
Suppose the supply for optometrists is given by LS= -6 + 0.6W, while the demand curve is given by LD= 50-W. Also, assume that the government imposes a payroll tax equal to $8 for each optometrist hired by a firm. a. Find the equilibrium wage and e..
If you could identify which the group to that each consumer belong to explain how would you go about setting prices.
1) An important reason why economies at an early stage of development tend to operate inefficiently is a) they tend to be dominated by the agricultural sector, where productivity is usually low. b) they tend to have authoritarian governments that sti..
What are the short-term and long-term arguments for and against a near term change in government actions-The rapid pace of growth of government spending in recent years has markedly increased the national debt
Utilizing such areas as manufacturing and information technology or any related industry / areas that have had high job growth rates explain a scenario that would cause a shift in labor supply and demand.
Discuss some of the problems associated with hyperinflation--use the first article to provide examples of the problems with inflation
Describe two types of specialization in production. What are the economic advantages of specialization and what are political business cycles, and how could they be created?
There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $10,000 per mile to set up. How much would it cost to fence a single property whose area is one square mile if that property a..
What are the main differences among microeconomics and macroeconomics. What factors contributed to making that decision.
General Electric is a large, highly decentralized company. At present it developed these goals, GE had approximately 170 responsibility centers called "departments,"
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