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Please identify a particular industry (non-government) that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. Please identify both categories. Keep in mind there are four market structures and we study Monopolistic Competition and Oligopoly next week. Identify the market characteristics, productive efficiency, a locative efficiency, and equity in the particular industry that you selected.
Assume the price charged in market 2 was $10, what would be the price charged in market 1?
Suppose you are told that price of Toyotas' has increased from last year as has the number bought and sold. Is this an exception of the law of demand, or has there been a change in demand or supply that could account for it.
Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion.
structural unemployment of 2 percent, seasonal unemployment of 0.5 percent and cyclical unemployment of 2 percent, illustrate what is natural rate of unemployment.
How do you use indifference curve analysis to explain the price ; income and substitution effects and to demonstrate the delegation of the demand curve for different types of goods
What is total cost of saving water. Illustrate what is marginal cost saving 1 meter cubic of water.
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
Elucidate how you arrived at your answer and be sure to show all your calculations. Explain how many units of output will the firm produce at a price of $100 per unit
When design dominance is discussed, what company name comes to mind.
consider a country described by the one-country model in section suppose that the country temporarily raises its levels
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