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Which of following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Explain your answer.
A) Athletic shoes
B) Restaurants
C) Watches
D) Aircraft
E) Ice cream
Why is it significant for managers to understand both short run and long run supply and demand? Please give one hypothetical or real life example which illustrates your response.
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
Question about micro economics- Sam Smith owns an internet radio company that has subscribers in Houston and Dallas
Prepare your slides as soon as you have a good final draft. Preparing the slides will help you see any weaknesses in your paper.
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
Name any good or service which has a noticeable recent price change. Using concepts of supply and/or demand, what are some possible explanations for this change in price?
Neolithic Revolution
What is firm's cost of capital at the various combinations of debt and equity? What is the firm's optimal capital structure? Construct a balance sheet showing that combination of debt and equity financing.
What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase.
Evaluate price elasticity of demand
Global Investment Group operates in a perfectly competitive industry with the following Cost and Revenue data: What is the loss minimizing output level for the firm?
Assume each worker is paid $10 per hour and works a 40-hours week. How many workers should the firm hire if the price of the output is $ 10? Suppose the price of the output falls to $7.50.What do you think would be the short-run impact on the firm..
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