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Both monopolistic competition and oligopoly are market structures
1. that fail to achieve the total surplus achieved by perfect competition.
2. to which the concept of Nash equilibrium is frequently applied by economists.
3. that feature only a few firms in each market.
4. in which firms earn zero economic profit in the long run.
why do we consider a business-cycle expansion different from long-run economic growth why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population
Provide an example of an airline or aviation firm trying to take advantage of economies of scale. Do you think they are/were successful? In what way?
jasmines snack shop sells two brands of potato chips. she produces them by buying them from a wholesale supplier. brand
discussion forum economic colleagues first pick one of the following explain two effects of an open economy on monetary
hi i need this assignment done within 8-12 hours of this confirmation. it is very critical that i can have this
Draw a graph of the market for banana. What are the equilibrium price and quantity and calculate Rie's income elasticity of demand for beef. Show your calculation.
Assume the labor market is not perfectly competitive
1draw what happens in the economy in the short run when interest rates fall.a.what components of gdp change-how and
Economic fluctuations (or business cycles) are fluctuations in the level of economic activity, relative to a long-term growth trend. Comparing and contrasting the economic fluctuation the United States has experiences from 1990 to current date.
choose two 2 public corporations in an industry with which you are familiar - one 1 that has acquired another company
Explain how the following statements relate to the AD-AS model? The FEd expected a weaker dollar to help increase exports. The above actions by the Fed may cause inflation to rise to levels that most would consider unacceptable.
In each of the following examples, what are the significant differences between government-owned and nongovernment-owned enterprises? Why do you think the government owns the enterprises mentioned?
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