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1. explain why a monopoly has no supply curve.
2. Explain why in a monopolistic industry, if demand and cost curves are the same as those of a competitive industry, and if the demand curve has a negative slope and the supply curve has a positive slope, then monopoly output will be lower and price will be higher than those of the competitive industry.
In your own words, discuss the economic purpose of OPEC. Illustrate what has happened to oil prices over the past five years.
The marketplace rate of return on this stock is 9%. What is the amount of the last dividend paid by Weisbro and Sons.
Essay on Market imperfection associated with negative externalities
Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each?
A certain machine expenses $25,000 to purchase and install. It has salvage values and operating costs as demonstrate in the table in the attached file. The salvage value of $20,000 listed at time 0 reflects the loss of installation costs at the time..
The only legal employer of military soldiers in United States is the federal government. If the government uses its knowledge of its monopolistic position, what criteria will it employ when estimating how many soldiers to recruit?
Aggregate Demand & Supply Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither or both. Which curve shifts, & in which direction
Create an educated guess as to illustrtae you expect to happen to short-term.
eBay.com is a vast auction site that is similar to a competitive market in some ways but also differs from it in others. Which of the following describes how eBay resembles a competitive market.It is easy to enter and easy to leave eBay.
Explain how does the Federal Reserve accomplish these goals.
Elucidate in detail the Federal Reserve's Interest Rate Policy and Economic Recovery.
Supply demand analysis to elucidate how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation.
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