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Discussion Ogliopoly:
Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and firm fit the model of oligopoly. Think about the TV commercials and/or print advertisements that you've seen from this industry: What interdependence have you noticed between the firm you selected and its rivals in terms of product differentiation, price leadership, or price competition? Explain your answer.
Discussion Monopolistic Competition:
Suppose you manage a local grocery store, and you learn that a very popular national grocery chain is about to open a store just a few miles away. Use the model of monopolistic competition to analyze the impact of this new store on the quantity of output your store should produce (Q) and the price your store should charge (P). What will happen to your profits? Please show graphically and explain your reasoning in detail.
For example, how and why do profits change? How can that be seen on the graph?
What could you do to defend your market share against the new store?
Consider a market where supply and demand are given Qx^s=-10 +Px and Qx^d= 56-2Px. Suppose the government imposes a price floor of $25, and agrees to purchase any and all units concumers do not buy at the floor price of $235 per unit.
Depends on what you perceive as the results of free trade agreements such as NAFTA, would you recommend that President Obama continue on the path.
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Gruel is an inferior good. Hence, an increase in consumer income decreases the supply of gruel increases the supply of gruel decreases the demand for gruel increases the demand for gruel
Discuss how government policies can influence economic growth. Describe how trade deficits or surpluses can influence the growth
Describe the president's relationships with the public, Congress, and the media, and how each plays a role in his success as president. Give one specific piece of advice to the next president about how to be successful. Give one specific piece of ..
The tuning fork has a frequency 120 Hz. A hanging mass M is creating the tension needed to create the standing wave pattern shown in the picture above.
Carefully explain what happens to the demand for a Giffen good
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
Evaluate how public policy decisions affect the receipt of revenues. Analyze the economic conditions that affect revenue projections. Recommend a revenue policy that aligns with community values.
You are the holder of a variable-coupon bond that is convertible to a fixed-coupon bond. If you expect interest rates to rise, should you exercise your conversion option? Explain. What if you expect interest rates to fall?
If a regulatory commission establishes a price with the goal of allowing the firm a "fair return" what would be the price and output What would be the firm's profit or loss Which one of the prices in parts b,c, and d maximizes consumer surplus
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