Identify market characteristics and productive efficiency

Assignment Help Macroeconomics
Reference no: EM13199384

Identify a particular industry that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. Identify the market characteristics, productive efficiency, allocative efficiency, and equity in the particular industry that you selected.

Reference no: EM13199384

Questions Cloud

Differences between project valuation and firm valuation : What are the similarities and differences between project valuation and firm valuation. For example, using DCF model, by forecasting free cash flow, weighted average cost of capital(WACC), but which applies only to project and which are only to fi..
What is the inherent meaning and justification : What is the inherent meaning and justification of cross-multiplication as it applies to solving an equation or inequality? In other words, why does cross-multiplication work?
If the base year is 2005 then what is the cpi in both years : Suppose the residents of Vegopia spend all their income on cauliflower, broccoli, and carrots. In 2005, they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 heads carrots for $50. In 2006, they buy 75 heads of caulif..
Explain the change and demand compliance : Why would change leaders need to align the organization's people with the change strategy? Would it be easier to just tell workers of the change and demand compliance?
Identify market characteristics and productive efficiency : Identify a particular industry that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity.
Explain the marketing strategy : Include the necessary marketing research you either have done for your business or are planning to conduct. The costs of these items/activities should also be itemized and included in this section of the proposal.
Find the dimensions of the can which requires : A closed cylindrical can is to be designed so that the can will hold 170cm^3 of oil. Find the dimensions of the can which requires the least amount of metal.
Define strategies constitute a subgame perfect equilibrium : Now suppose this game is to be played an unknown number of times. Both firms know that there is a probability .1 that the current play of the game will be the last time the game will be played. So there is a probability 1.0 that the game will be p..
Describe agriculture to make avaiable a clean : U.S Department of Agriculture to make avaiable a clean,safe,wholesome food supply will be in vain unless the consumer takes certain precautions to keep it that way.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Choice of incumbent firm-behaviour of firms

Describe a long-term contract shoeing all necessary steps that the current supplier can offer the buyer that will be attractive to the buyer and will also strengthen the incumbent's monopoly power.

  Calculate the internal rate of return and net present value

Get Rich Company has to choose between two investment opportunities. Investment A requires an immediate cash outlay of $100,000 and provides after-tax income of $20,000 per year for ten-years.

  Explain how the below game should be set-up

Explain how the below game should be set-up, played and solved a consumer decide.

  Factors which impact productivity growth by subsidization

Physical capital, Natural resources, Human Capital and Technical Knowledge, should it be Government policy to subsidize the production or acquisition of all or these?

  A firm in an oligopolistic company total cost equations

A firm in an oligopolistic company has the following demand and total cost equations Maximum quantity at which profit will be at least $850.

  Employment situation summary

Visit the Bureau of Labor Statistics website, and click on "Employment Situation Summary" to get the most up to date summary of unemployment in the United States.

  What is the unemployment rate

If there are 150 million people in the labor force and 10 million of them do not have jobs but have looked for work in the last month what is the unemployment rate? 2)If next month 5 million people who have been discouraged workers start looking fo..

  Calculate growth rate of nominal gdp

What was the growth rate of nominal GDP between 1999 and 2000? (Note the growth rate is the percentage change from one period to the next).

  Short run and long run impact on prices

Illustrate graphically the impact in the short run and the long run of a Federal Reserve decision to increase open-market purchases.

  Explain case of a perfect-complements production function

Assume two inputs, K and L. Illustrate the following cases with two graphs: (1) the substitution effect on labor hired due to a wage increase is zero. (2) the scale effect on labor hired due to a wage increase is zero.

  Who have less to lose from poor individual performance

When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illu..

  What is the actual state of the economy

Unemployment is one of the major concerns that people have in today's economy, since losing one's job can be one of the most devastating events a person can experience. But what do the numbers actually mean. What is the actual state of the econ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd