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Draw graphs showing a perfectly competitive firm and industry in long-run equilibrium.
a. How do you know that the industry is in long run equilibrium?
b. Suppose that there is an increase in demand for this product. Show and explain the short-run adjustment process for both the firm and the industry.
c. Show and explain the long-run adjustment process for both the firm and the industry. What will happen to the number of firms in the new long-run equilibrium?
Write down a five paragraph introduction detailing the purposes and activities of the organization. Consider whether there're any groups opposed to them and why.
Describe the competitive environment within the industry. Is there a dominant firm? Are the other firms follow or actively compete? How do they compete? (For example, by using price, advertising, quality or some other variable.)
Identify and discuss the tests used to determine whether a law complies with the equal protection clause What is discovery and what are the methods to obtain this information How does each method work
If this firm was under perfect competition, what would be the efficient level of output in the long run?
some oakland california residents are sick and tired of tripping over burger wrappers and soda cans and the city is
What is the optimum and sustainable price ceiling the government could impose?
assume that two companies c and d are duopolists that produce identical products. demand for the products is given by
Identify a product that could be promoted using a social networking site such as Facebook. In about 100 words, explain why your chosen product would be a good candidate for a social networking-based promotion strategy.
We make selections as customers every day. Opportunity cost is defined as a person's next best option or the cost of what you give up when you make a choice.
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,898 per year, paid at the beginning of each year, in which case maintenance is provide.
1. suppose a monopolist has the demand schedules. marginal costs are constant at 13 per unit and mc atc at all output
Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher payoff?
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