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1 -List one industry that is an example of a perfectly competitve industry and one that is an example of a monopoly.
2-Explain and discuss why these industries are examples of perfect competition and a monopoly using the characterstics of these industries.
3- Discuss whether a monopoly can provide any benefit at allto an economy and try to provide an example.
Suppose you are the marketing manager of a company. Why you would be interested to know whether the good that your company is producing has an elastic or inelastic demand curve in the market
A typical university football event need alumni to join one of many booster club before the person can buy season tickets.
So I am wondering if any of you over achievers have any advice for me. Specifically I am wondering - what else can I be doing to make my resume' more attractive?
Most countries, including the united states, import substantial amounts of goods and services from other countries. a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself.
How could we argue that these markets are notcompetitive and could each firm face a demand curve that is not perfectly elastic?
How can we measure the opportunity cost of producing a good? Using a bowed outward production possibilities curve between ice cream and hammers, identify graphically the opportunity cost of obtaining an additional hammer.
Identify a person in an organization, or event(s) that should be given credit for the relatively low, stable rate of inflation we've had in the United States since the late 1980s?
You purchased a new molding machine for $155,000 by trading in a similar machine that had a book value of $18,000. Assuming that the trade in allowance was $20,000 and that $85,000 cash was paid for the new asset, what is the cost basis of the ne..
During 1993 when the economy was growing very slowly, President Clinton recommended a series of spending cuts and tax increases designed to reduce the deficit. These were passed by Congress in the Omnibus Budget Reconciliation Act of 1993.
Explain the difference between accounting profit and economic profit. Include discussion of the distinction between explicit and implicit costs and how they relate to economic cost and opportunity cost.
Why might price collusion occur in oligopolistic industries Assess the economic desirability of collusive pricing. What are the main obstacles to collusion? Speculate as to why price leadership is legal in the United States, whereas price-fixing i..
Using game theory, map out a prisoner's dilemma game that shows why even though discrimination was prominent, Major League Baseball allowed blacks to play in the MLB. Please explain how you achieved the payouts in the game.
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