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In a pure monopoly, the monopolistic firm is the only one selling the product, therefore there are no constraints on what the firm can charge or on the profit it can make. Do you agree? Why?
Discuss various barriers to entry into an industry, explaining how they can engender a monopoly situation. Are any of these socially desirable? Why?
Assuming that the same cost curves apply to both purely competitive and monopolistic industries, compare their relative performance in terms of price, output, and profit. Use diagrams. Since industries of both kinds produce at a level at which marginal cost equals marginal revenue, to what do you attribute the differences between their performances?
If you were to learn that a bottle of gatorade increased in size from 2009 to 2010, should that information affect your compute of the inflation rate.
Discuss the elements that make up Australia's Current Account. Outline the cyclical and structural factors that have caused Current Account Deficits in the last decade.
If insurance premiums are going to be set below the actuarially fair level for a certain group, who will likely be targeted to make up the difference?
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
q.write a report in dissertation format in apa style with at least of 300-350 words also use apa template in doc
q1. qd680-9p0.006m-4pr where m is income and pr is the cost of a related good. from this relationship it is apparent
What happens to the price level pt when the money growth rate m changes, holding the current money supply mt constant?
Can you explain the math involved in finding the SPNE of the stage games in repeated games in game theory. I understand the concept; I just don't understand how to solve the math aspect of the questions. I do not have a solid background in math, and ..
How much money will accumulate in five years if monthly deposits of $1,000 are made every month (except for month 15, where no deposit is made) if interest =3% per month? Show all your work
If the rate of inflation in consumer prices is less than the rate of increase in a person's nominal income, that person's:
Suppose one economist believes the target rate of unemployment is 4.2 percent while another believes it is 5.3 percent. Using Okun’s rule of thumb, by how much would you expect their estimates of potential GDP to differ in an $11 trillion economy?
Explain how shortages/surpluses are eliminated in a free market system. You can use graphs and specific examples in your analysis. Graphs don’t count towards the word limit. Explain the difference between scarcity and shortage.
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