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Q1 What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures? Identify which market structure your organization competes in and why you think so.
Q2 What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? How could you graphically illustrate economic profits made by a perfectly competitive firm; monopolist; and firm competing in a monopolistic competitive market?
Q3 What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing level of output? Explain your answer.
what market structure best characterizes the market in which university of phoenix competes? how does this structure
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She sued the board and the superintendent for violation of her right of free speech. Does a teacher have the right to speak against the superintendent and the school board?
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suppose the equation for demand can be expressed as p 120 -.65q p price of a good and q is the quantity of the good
Suppose that you have to charge a uniform price. That is you post a price and one canbuy as many units as one wishes at that price. What would be your price?
A company experiencing constant returns to scale increases its labor input form 50-75 units and its capital input from 20-30 units. Its output will go up from?
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abc corp. owns a piece of land and building a few miles from its headquarters. the land originally cost abc 500000 to
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if Q = 60 − (1/2)P, and MC = 60, which means that MR = 60 how do you work out the price, which then allows you to work out the Q
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