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Traditional Monopoly is a firm that is the only seller of a good or service that does not have any close to substitutes. Government keeps out or keep other firms from entering in a market. The firm, one firm is the key source that produce less and charge an increased price.
Natural Monopoly is a economic of scale. This is because one firm can supply the whole market at a decreased Average Total Cost than two or more firm can. It happens when fixed cost are large to variable cost. State and local regulatory commissions set prices Natural Monopoly produce or achieve economic efficiency.
Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage (%) raise in real GDP per person from 1987 to 2005.
The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.
Make a separate diagram to show the answer, and describe what happens to equilibrium price and sales, explaining why or why not this makes sense in the real world
The average price/gallon of gass in July over the past 4 years was $2.74, $3.65, $3.45, and $3.63. Use linear regression to predict the price of gas the following year? How would I set up this problem? Do I use years as my x variable?
Irrigation improves the yield of strawberries per acre (measured in pints) according to the fucntion S= -(w-2)^2 + 50 where S is the number of pints of strawberries grown per acre and W is acre acre feet of water used. strawberries sell for $4 pe..
Black Diamond Tennis & Golf Club offers golf and tennis memberships to residents of Black Diamond, Ohio, in which there are 2-types of families:
Elucidate how might raise the chance that the employee would retire earlier as compared with the situation where the employee had to pay for his own health insurance.
Suppose the price of the good, P, increases to $2.00. Now what is the price elasticity of demand, and what is the cross-prices elasticity of demand.
Important information regarding calculating elasticity for each of the given variables
What did classical economists assume about the flexibility of prices, wages, and interest rates What did this assumption imply about the self-correcting tendencies in an economy in recession
Choices for cuts and spending, paying close attention to what you read in the Bowles and Montgomery articles. Finally, analyze the effect your choices will have on the economy.
Compute the four-firm concentration ratio (C4) before the merger. Show your work and round your answer to 4 decimal places.
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