Characteristics of a perfectly competitive market

Assignment Help Business Economics
Reference no: EM13732348

1. Why are many online service markets likely to be perfectly competitive?

2. Recently, competitors of Plug and Play have been opening their own shared- workspace centers. Does the market for shared workspace likely possess characteristics of a perfectly competitive market? Explain.

Reference no: EM13732348

Questions Cloud

Relating to microeconomics or macroeconomics : Classify the following topics as relating to microeconomics or macroeconomics?
What is his substitution price elasticity : Ernest's income elasticity of demand for natural gas is 0.4. His price elasticity of demand for natural gas is -0.3, and he spends 10% of his income on natural gas. What is his substitution price elasticity?
National saving increase or decrease : Suppose the multiplier is 3, the marginal tax rate is 20%, and the marginal propensity to consume out of disposable income is 0.9. If government spending increases by $10 billion, then would national saving increase or decrease, and by how much?
Charge of development for a developing country : Imagine you are in charge of development for a developing country and were approached by a multinational corporation interested in locating in your country. Identify some of the benefits and some of the costs to the host country from allowing a multi..
Characteristics of a perfectly competitive market : Why are many online service markets likely to be perfectly competitive? Recently, competitors of Plug and Play have been opening their own shared- workspace centers. Does the market for shared workspace likely possess characteristics of a perfectly c..
Graph a monopoly : Graph a Monopoly. Compare the price, quantity, and ATC of a monopoly with a perfectly competitive firm. Who is more efficient and why?
Economy transitioning from socialism to capitalism : The movement in the direction of a market-based system with freely determined prices, competition, profits, private ownership, and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning fro..
Bushels of squash : Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels..
Product in perfectly competitive market : A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total costs are C(Q) = 50 + 12Q + 2Q2. How much output should the firm produce in the short run? What price should the firm charge..

Reviews

Write a Review

Business Economics Questions & Answers

  Bank prime loan rate imports of goods amp per capita

bank prime loan rate imports of goods amp per capita income.briefly explain why the three variables are appropriate

  What is the market equilibrium quantity

The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?

  Illustrate was the present value these future profits

A firm will have constant profits of $100,000 per year for the next four years and the interest rate is six percent. Assuming these profits are realized at the end of each year, what is the present value these future profits?

  What is the least you would be willing to accept to sell you

What is the least you would be willing to accept to sell your house? c. Why are the answers to the above two questions different?

  Q1 a new public to complete works project requires 200000

q1. a new public to complete works project requires 200000 hours of labor. but if the labor market is competitive and

  How many units of labor should be employed

How many units of labor should be employed? b. How many units of capital should be employed? c. What would be the total cost of production?

  What is cost of poducing y units of output for this firm

How many units of x1 and x2 will the firm use to produce y units of the output? What is the cost of poducing y units of the output for this firm?

  New equilibrium price level and output

Illustrate what will be the most likely new equilibrium price level and output.

  Elucidate which among the following is true

Elucidate which among the following is true.

  The curve that shows quantities of total real output

The curve that shows quantities of total real output that will be offered for sale at various price levels is called the

  Q1 a growth at a rate of 25 may seem slow but this means a

q1. a growth at a rate of 2.5 may seem slow but this means a country gdp will double within 28 years. 100 10.02528 200

  Q1 total fixed cost or sunk cost is independent of quantity

q1. total fixed cost or sunk cost is independent of quantity produced.assume a small firm has invested 10 million in

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