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If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive industries?
what is the difference between anticipated and unanticipated inflation? how do they differ in their effects on economic
consumers typically pay a higher real interest rate to borrow than they receive when they lend by making bank
As an worker of World Bank, you have been tasked to research one economic concern in an Asian nation and write a report on your findings.
Give an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
In the former Soviet economy, the supreme planning board that transmitted economic decisions down to producing and consuming units was called the
Quintile 1= 7.2% Quintile 2= 18% Quintile 3= 21% Quintile 4=25% Quintile 5= 29%. The table above shows the income share of each quintile in country X. Is the distribution of income more or less equal than in the U.S.?
Currently, the economy is in equilibrium at Q = 3200 (where Q = potential GDP) and P = 100. You can use monetary and fiscal policies to affect aggregate demand but you cannot affect aggregate supply in the short run.
statements that best describes the idea of a “consumption vocabulary."People who have a larger vocabulary consume more .
two firms compete in the emerging market for energy drinkscold medicine hybrids that feature caffine alcohol and cough
mike bill and ed have different preference levels for their support for military spending on overseas operations. mike
This assignment focuses on the comparison of perfect competition and monopoly in terms of efficiency and fairness. To complete this assignment you must complete all of the following questions. Microeconomic Problem
discuss the following situation a from the strictly legal viewpoint b from a moral and ethical viewpoint and c from the
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