Characteristic of monopolistic competition

Assignment Help Macroeconomics
Reference no: EM131049124

1) What is a monopolist, and what is required in order for a monopolist to earn profits in the long run? How is government involved with the creation of barriers to entry?

2) What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors? What are the implications of having a large number of firms in a monopolistically competitive market?

3) Suppose that the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens to the market for autoworkers? Explain. Now, suppose that the automakers improve working conditions at the plants. What are the effects? Explain.

4) Discuss the significant laws passed since the Great Depression that affect labor-management relations. Explain.

5) Explain the three categories of balance of payments transactions.

Reference no: EM131049124

Questions Cloud

Events on the aggregate expenditure : Explain and illustrate using the Keynesian model (AE/Y diagram) the effect of the following events on the Aggregate Expenditure (AE) curve and income.
Large lump sum deposit today instead of annual deposits : You would like to have $56,000 in 12 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year. If you decid..
What is the bonds yield to call today if investors expect : A bond is sold for its face value of $1,000 with a 25-year maturity, a 9% coupon, and interest paid semiannually. The bond is callable 5 years from issuance at an 11% premium over face value. What is the bond's yield to call today if investors expect..
What happens to the file size : Compress some already compressed files (try compressing with the same utility several times in sequence). What happens to the file size?
Characteristic of monopolistic competition : What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors? What are the implications of having a large number of firms in a monopolistically competitive market?
What equal payments be : Mr. Bill S. Preston Esq. purchased a new house for $160,000. He paid $15,000 down and agreed to pay the rest over the next 10 years in 10 equal end of year payments plus 5 percent compound interest on the unpaid balance. What equal payments be?
Components of consumption spending : According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes? Explain.
Spot exchange rate-comparison to the dollar : Assume the spot exchange rate is 6.22 Chinese yuan per U.S. dollar. If the inflation rate in China is expected to be double that in the U.S. for the next two years, then what will happen to the yuan in comparison to the dollar?
What is the percentage of compression you achieve above : What is the percentage of compression you achieve above? (This is the average of the compression percentages achieved for each letter, weighted by the letter's frequency.)

Reviews

Write a Review

Macroeconomics Questions & Answers

  Describe an effluent fee

A good which if supplied to one person is supplied to all and whose consumption by one individual does not prevent its consumption by another individual is known as:  a private good. a public good. an external good. an internal good.

  Economic history explains that less developed nation

Economic theory and history explains that less developed countries that open their economies to international trade and capital flows will grow faster and reduce poverty.

  Imagine an economy with a standard cobb douglas production

imagine an economy with a standard cobb douglas production function population growth of 21 total productivity growth a

  Macropoland a country that is a natural gas and oil

macropoland a country that is a natural gas and oil importer has a natural rate of unemployment at the full employment

  Elasticity of demand

How much does the gross price increase in each market

  Make sure to include some final recommendations

Make  sure to include some final recommendations and strategic initiatives.

  Allow tire imports and one good reason to restrict

Then list one good reason to allow tire imports and one good reason to restrict tire imports. Give a short explanation for each reason.

  What would be the total increase in the gdp

Given an increase in spending of $1,000, and a Marginal Propensity to Consume of 80% (8/1 0), what would be the total increase in the GDP (as a result of the Multiplier?) What would the Multiplier be? Show your work.

  Why might bargaining break down when parties negotiate to

Why might bargaining break down when parties negotiate to remedy a market failure and its associated externality?

  Analyze the economics of new orleans

Sometimes one's choices may involve catastrophic decisions and bear great risk and yet there can be no clear answer. For example, if a person gets a divorce, shutters a plant, sells a losing investment, or closes their business, will he or she be ..

  Use a hypothetical example to illustrate whether you agree

Use a hypothetical example to illustrate whether you agree or disagree with the following statement, "Unemployment will go up more if the demand for labor is elastic, because the demand for labor will decrease more when you have elastic demand than i..

  How much larger is the change in gdp

Suppose we want to compare the effect of a tax cut in the economy given in the first problem to the effect of the same size tax cut on an economy with a MPC of 0.8.  If everything else about these two economies is the same (except for their MPCs),..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd