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a) What is one important characteristic of perfect competition?
b) What is the expected slope of the demand curve for a firm in perfect competition?
c) What characteristic of a monopoly will most likely ensure economic profit in the long run?
d) What is the main reason why economist objects to monopoly?
e) What is a sign that an industry might be oligopolistic?
A firm can lease a truck for 4 years at a cost of $30,000 annually. It can instead buy a truck at a cost of $80,000, with annual maintenance expenses of $10,000. The truck will be sold at the end of 4 years for $20,000. What is the better option if t..
If demand decreases and supply increases simultaneously then for sure. Which of the following will increase the demand for chicken?
Eastern Hydra system which is manufacturing motorcycle engine budgeted 75,000 per year to pay for certain parts over the next 5 years. If the company expects to spend 15,000 in year 1, how much of uniform increase each year is the company expecting i..
What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
The natural rate of unemployment is
q. assume the united states exports 2000 computers at a cost of 3000 each and imports 200 uk autos at a cost of
discuss Colgate-Palmolive's revenue, gross profit margin, operating profit margin, and strategies of the firm. Explain how industry consalidation has impacted the company and make projections about the long-term prospects for the company.
Social security faces a $5.3 trillion shortfall over the next 75 years, but a congressional report says the massive gap could be erased by increasing payroll taxes paid by both employees and employers from 6.2 percent to 7.3 percent and by raising th..
You work for the American Red Cross as a Health Economics consultant in the Boston area. You are told to guess the correlation between snow damage to houses during the winter storms last year and the median price of the house. Describe the difference..
q.two consumers jorge and admen together own 1000 baseball cards and 5000 pokeacutemon cards. let xr denote the
Within the range of prices around the midpoint on a straight-line demand curve, demand is...
Consider a perfectly competitive market where demand is given by P=84.20-2.15Q and supply is given by P=12.78+1.20Q. Calculate the equilibrium quantity.
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