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1: In a Capitalistic society (such as the U. S.) is competition good or bad in your opinion? Please support your opinion with an example?? (Explain your personal/real opinion, supported by research)
2: Then support perspectives regarding competition from the opposite perspective from your real opinion again with an actual example. (Discuss it from both perspectives why competition can be good and then why it can be bad. So first you give your real opinion, then second support the opposite perspective.
The Economics in Practice describes the increase in food prices around the world in 2008. Since food, in large measure, affects the real income of households, increasing prices will eventually push up wages and have an impact on the aggregate supp..
Explain briefly how a change to the following MS, MD, or P would shift LM function to right. Include in your discussion whether the variable would have to increase or decrease to cause the rightward LM shift.
this table shows the short run production function for a competitive firm whos output sells for 20 a unit.l q0 01 22 63
Describe their organizational structure and what market entry strategies each of these companies are currently using.
As seen during financial crisis of the 1930s and in history, markets are globally interconnected. Aside from financial markets, different countries have different resources.
Determine the Tragedy of the Commons, which gives a contemporary example, and offer a potential solution.
Suppose after submitting your sealed bid in a Vickery austion you find out that they have lost the auction(you were not the highest bidder); However, you have the opportunity to revise your bid. Would you go ahead and change your bid
The fixed cost is zero for both firms. The two firms want to merge. They argue for the merger on the grounds that marginal production costs would fall to 10 for all units of output after the merger since all production woul be at the low marginal ..
Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions
how would market forces affect the amount of time the proven oil reserves will last assuming no new oil reserves are
work decisions are based upon a comparison of priviate cost and the private benefit. The excludedable benefit of addtional work is measurable as the change in what options - income less transfer payments lost, gross income, net tax payments, adjus..
Illustrtae what does this experience suggest about the determinates of health care costs, and the long-run scope for private health insurance even with subsidy and compulsion.
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