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How is the american auto industry an oligopoly? 2-3 page paper about this .and how the companies differentiate from one another but yet still initially sell the same products: cars.
Shelly's preferences for consumption and leisure can be expressed as. This utility function implies that shelly's marginal utility of leisure is C-200 and her marginal utility of consumption is L-80.
A firm in perfectly competitive 'industry has this cost function: TC = 900 + q^2-If market demand is QD = 1800 - 20P, what is the long-run equilibrium price, quantity produced by the firm and the industry, and the number of firms in the industry?
how percapita income fiscal policy laws local economies and census data affect the ability to fund governmental functions.
Suppose there are 7 firms in the candy industry with the market shares shown below. What is the HHI for the industry? When a monopolistically competitive firm's demand curve shifts leftward, what happens to its marginal revenue curve?
Suppose that the residents of Veggieland spend all of their income on cauliflower, broccoli, and carrots. then calculate the CPI in both years.
Calculate the percent change in the MM as well as the percent change in the MB during this period. Then calculate the percent change in the money supply during this same five year period.
The monopolist has a constant marginal and average total cost of $50 per unit. Find the monopolist’s profit – maximizing output and price.
Movie tickets prices increased by 5% and resulted in a 8% drop in sales. What is the price elasticity of demand? 2. If ticket prices decreased by 5% instead of raising them, what would the changes in attendance would you expect? 3. If a competing cin..
Save their domestic industries from facing any competition. It is an unrealistic approach as all the countries endeavor to achieve the same objective.
Explain why is it wiser for the government to put a sales tax on a good that is demand inelastic than on one that is demand elastic.
Assume that the economy is currently in a recession. If policy makers take no action, how will economy evolve over time? Describe in words and using an aggregate demand diagram.
You manage a US based company that makes shoe laces that you sell in a highly competitive marke
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