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Question1. Discuss and explain the major barriers to entry into a industry. Describe how each barrier can foster monopoly or oligopoly.
Question2. What effect would a rule stating that university student must live in University dormitories have on the price elasticity of demand for dormitory space? What impact might this in turn ave onroom rates?
Think a small open economy with a fixed exchange rate system. Assume there is a general expectation that central bank will revalue the domestic currency in the future
What are some ways public policymakers can reduce demand of cigarettes (shift of the demand curve)? Assume the government decides to implement the tax on cigarette manufacturers in order to raise the price of cigarettes. How much does the amount of..
Short and Long-term costs business comparisons. Select directly comparison business concepts and generally discuss the FC, VC, break-even quantities, economies of scale and diseconomies of scale for each.
Assume a manager of a profitable department store you're confronted with the pricing problem. You've two types of customers
Determine what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past twelve months.
Assume that the following table describes prices, incomes, and per person lobster consumption in three United States cities.
Suppose you're a city planner working on new industrial park and contemplating the use of industrial ecosystem. Describe the major advantages and disadvantages of industrial ecosystem which you would consider in making your decision.
During middle years of this decade, the exchange rate of the United States dollar has declined against the currencies of its major trading partners.
Determine the effects on American wages and purchasing power of continued outsourcing of labor overseas. Find some of the reasons for these trends.
Intelligent fiscal policy and appropriate monetary policy permit for a stabilizing influence on US economy. The government is able to make action through expansionary or contractionary fiscal policy to manage recession and inflation when necessary.
Depict an isoquant map depicting a typical firm's use of two inputs - white and black labor. Label its slope. What would be the effect of an increase the price of black labor from $12 to $13 and a decrease in the price of white labor from $13 to $12..
Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest
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