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Alpha Industries operates in a highly competitive market. While there are a few other firms in the industry due to the high fixed costs of building plants, rival firms are very aggressive in their pricing strategies. Of the products sold in the industry, over 90% have 10 years of patent protection remaining. Does this industry meet an economist’s definition of a perfectly competitive industry? Explain
Write a 1- to 2-page paper identifying the various parts of your chosen country’s Political Economy. Explain how this system developed over time and any changes you may foresee for the near future. Cite resources as appropriate to support your commen..
q1. the number of taxicabs in motorville and the taxicab fares are regulated. the fare currently charged is 5 a ride.
Offshore Petroleum's fixed costs are $2,500,000 and its debt repayment requirements are $1,000,000. Selling price per barrel of oil is $18 and variable costs per barrel are $10. Determine the breakeven output (in dollars). Determine the number of bar..
What lessons can be learned from the Marshall Plan for a new “Global Marshall Plan” to support the developing countries?
Support your answer with data on the real GDP growth rate, the unemployment rate, and the CPI inflation rate. You may obtain these data from the Bureau of Economic Analysis website
Why do prices in monopolistic competitive markets remain above the prices that would exist in perfectly competitive markets even in the long run after entry has eliminated above normal profits?
Elucidate how did the invention of crack cocaine transform the urban street gang.
Suppose that a second worker became available. Elucidtae the resulting change in production possibilities. Now what would be the opportunity cost of sanding two floors.
APA format advising the President of Rodamia making recommendations for international trade.
q.problem 1 use 2 goods to construct a production possibilities curve. explain what a variety of different points on
calculate the mean median also mode for the value of a house also for the value of a car. Illustrate what can you surmise about the data.
q.a young physician makes 180000 per year with an annual salary increase of 2. he is interested in buying a house. he
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