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Help needed! ECONOMICS PROFESSIONALS TO RESPOND ONLY!Now that you have learned about various industry structures, think about a pure monopoly, monopolistic competition, and oligopoly from the economic and then from a consumer perspective. Then, post a response to the following:PART 1- PERSPECTIVES ON INDUSTRY STRUCTURES1. As a consumer, what are the advantages and disadvantages of each of these industry structures?2. To an economy, what are the advantages and disadvantages of each of these industry structures? Do private and social interests coincide under these industry structures? Give examples to support your reasoning.PART 2 - THE END OF MONOPOLYYou have read about pure monopoly as an industry structure and the factors that contribute to the creation of a monopoly. Think of two examples of pure monopoly in the real world-one of a public good and one of a private good. Then, with reference to both examples, post a response to the following:1.Can both monopolies continue endlessly? Why or why not for each example?2.What factors could cause the monopolies to end? Is there a difference between
Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions: Identify the buyers and sellers as well as the goods o..
In the 1992 presidential elections, Ross Perot was speaking of NAFTA, which both of the other candidates (George H.W. Bush and Bill Clinton) supported. He made the statement about NAFTA ‘that giant sucking sound you hear will be your jobs being se..
Event 1: The wages for all dental assistants increase, increasing the costs of inputs. Event 2: The government provides national dental insurance benefits for all U.S. citizens that cover 100% of the cost of all dental services. There are two effe..
compare them over a period equal to the life of the shorter-lived alternative D) compare the present worth over one life cycle of each alternative. Explain why. Do not waste time just selecting a,b,c, or d. You will not be rated.
Does it appear that widgets would be a luxury good or necessity IF they sol at the perfectly competitive equilibrium (which they don't), and why?
Suppose there are two technologies for producing steel. Under technology A, a firm's short-run total cost function is STCa(q)=1/2q^2+100q+10 with SMCa(q)=q+100, and using technology B it is STCb(q)=2q^2+6 with SMCb(q)= 4..
Describe the three forms of product advertisements. What are their objectives Please provide one example of each type of advertisement. Please links to specific ads to this quiz. Then describe what the ad is saying and how it is used to demonstrat..
Sandra purchases 5 pounds of coffee and 10 gallons of milk per month when the price of coffee is $10 per pound. She purchases 6 pounds of coffee and 12 gallons of milk per month when the price of coffee is $8 per pound.
Compute the MIRR we need a finance rate and an reinvestment rate and finance and a reinvestment rate are needed to compute the return on invested capital (RIC) for non-simple cash flows.
The physical relationship between a firms input use and output production is called the 5. A firms total revenue (input costs + the opportunity costs of the owners capital + any other inputs supplied by the firms owner) equals that firms 6. At the..
discuss how well each company meets your criteria. Also, rank the three companies based off this information and discuss which one is your top choice and why.
Suppose as your company's lobbyist, what would you like to see done through Federal government that would be of help to your company? This could be what government could do or what they could stop doing this.
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