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Monopolistic competition is similar to perfect competition in that:
a. there are a large number of firms
b. firms earn economic profits in the long run
c. firms face downward-sloping demand curves
d. both a and b
e. all of the above
There're many different kinds of monopolies which exist in the market. you're going to talk about the different kind of monopolies, their place in the market, and their effect on society. please describe the following:
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Normal 0 false false false EN-US X-NONE X-NONE Explore causes and conseque..
A flood control project with a life of 12 years will require an investment of $300,000 and annual maintenance costs of $25,000. The project will provide no benefits for the first two years however will save $40,000 per year in flood damage starting i..
Suppose that the quantity equation of money holds M x V = P x Y and the velocity of money is constant, V. (a) If the money supply increases by 3 percent, by what percentage rate do prices change? That is, what is the inflation rate? (b) What is the r..
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a machine is purchased for 150000. revenue for the first year was 50000. over the total estimated life of 8 years
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reflect on the role of proper health nutrition and safety in your own growth and development as a child whether the
Calculate the profit each firm earns in equilibrium.You are a manager for Herman Miller—a major manufacturer of office furniture. You recently hired an economist to work with engineering and operations experts
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