Differences in the productive and allocative

Assignment Help Microeconomics
Reference no: EM13172850

There are 4 general market structures detailed in this section:

a. Perfect Competition

b. Monopoly

c. Monopolistic Competition

d. Oligolistic Competition.

1. Compare and contrast each market structure. Make sure to discuss the differences in the productive and allocative efficiency when comparing and contrasting.

2. What market structure most describes the oil industry in the US? What regulatory policy would you enact if you wanted to lower the pump price of gasoline?

Reference no: EM13172850

Questions Cloud

Which correct chemical formula for the compound named : Which of the following is not the correct chemical formula for the compound named?
State draw the structure of two-pentene : Acid catalyzed hydration of 2-pentene giives two alcohols, each with the molecular formula C5H12O. a) Draw the structure of 2-pentene.
State what is the molar concentrations : what is the molar concentrations for those two. The solution volumes are additive. Thank you so much I can't figure this out and I've been looking at it for 2 hours. I need it for my lab report.
What is the mass of lithium hydroxide : An unknown amount of Lithium hydroxide is dissolved in 50.0 mL of water. If it take 14.7 mL of a 0.150 M solution of oxalic acid (H2C2O4) to neutralize the lithium hydroxide solution, what is the mass of lithium hydroxide (in grams) that was disso..
Differences in the productive and allocative : Compare and contrast each market structure. Make sure to discuss the differences in the productive and allocative efficiency when comparing and contrasting.
State and write net ionic equations for the precipitation : Indicate what precipitates, if any, form when solutions of each of the following are added to a solution containing the Group I cations.
How many total moles of gases are produced : Nitroglycerine decomposes violently according to the unbalanced chemical equation below. How many total moles of gases are produced from the decomposition of 1.00 mol C3H5(NO3)3?
What is the formal charge of the n atom : What is the formal charge of the N atom in the correct or best Lewis structure for CN-?
State the use of phenols such as tert-butylcatechol : The use of phenols such as tert-butylcatechol as free-radical scavengers is based on the fact that phenolic hydrogens are readily abstracted by radicals

Reviews

Write a Review

Microeconomics Questions & Answers

  Develop a financial analysis of projects

You have been asked to develop a financial analysis of two projects and based on Net Present Value (NPV), Return on Investment (ROI), and Profitability Index (PI).

  Details of price discrimination

M is the monopolist selling goods G. M's cost function is c(y)=4y where y is total production of G. Some of M's potential customers are members and get the member magazine with coupons.

  Find the breakeven discount rate

Find the breakeven discount rate such that the net present value of this development opportunity is zero and will the future value of this investment be sufficient to compensate those that suffer damages in year 20?

  What is the monopoly profit at price

Suppose the market discount rate is 20% instead of 5%. Should he now charge the limit price to deter entry or accept the entry? Assume his goal is maximize the PV of long-run profits.

  Calculate the marginal revenue product

Calculate the marginal revenue product given this information and how many real estate agents will the manger hire if the wage rate is $32,000? Why?

  Proposals on total surplus including social cost and benefit

Describe the likely impact of each of these three proposals on total surplus including social cost and benefit and Which of these proposals is most consistent with the Coase approach to externalities

  Determining nash equilibrium strategies

Think that the following entry game. Here, company B is an existing company in the market, and company A is a potential entrant. Company A must decide whether to enter the market or stay out of the market.

  Calculate the measures of farm performance

Calculate the following measures of farm performance and state what they mean (i.e. meaning: return to management for their own and the bank's capital investment):

  What does marginal cost look like

Construct a numerical example to show that as marginal product (MP) rises, marginal cost (MC) falls. Explain your answer and use tables and graphs to illustrate.

  Microeconomics problem - price gouging after disasters

Write about the problem or issue as if you are explaining it to someone who has never taken an economics class.

  Article analysis - can anyone really create jobs

The current economic downturn has been called a housing disaster, a financial disaster and a debt crisis, but the simplifying logic of the political season has settled on what is really more a result than a cause.

  What is the official poverty line

What are the possible problems and solutions for these concerns? What could happen to the U.S. labor markets if immigration is not controlled?

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