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Market Structures. Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an example for each of the market structures listed and how it relates to the particular characteristics.
Barriers to Entry. Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?
The ajax corporation has an overhead crane that has an estimated remaining life of 10 years. the crane can be sold now for $8,000. If the crane is kept in service, it must be overhauled immediately at a cost of $5,000.
Two countries, Richland and Poorland, are described by the Solow growth model. They have the same production function F(K,N) = KaN1-a. Richland saves 32% of its income, Poorland saves 10%. Richland has a population growth rate of 1% per year, P..
. In a sample of 300 houses, the sample average price was found to be $196,340. Assume the variance of house prices is 120,000,000. Let random variable X denote house price, and ? denote its unknown population mean, E(X) = ?. For each of the follo..
Presume that the interest rate is 4 percent. What is the future value of $100 five years from now? How much of the future value is total interest?
Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..
Discuss one of the conflicts experienced by one of the protagonists in the films viewed. How does the conflict experienced by this character compare to or contrast with similar types of conflict people experience in everyday life.
The utility function is U = U (X, Y) If the 2nd derivative for both x and y is greater then 0, does that mean the indifference curves are both convex? Explain why or why not.
as a business owner you need to approach the issue of globalization and trade in context. with all the complicated
How might government policy respond to the redistributive impacts that immigration brings about? Why do governments often restrict immigration to areas where there is a shortage of skilled workers?
Economists in the ministry of agriculture in Kwale County
Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by drop..
marsh company has other operating expenses of 240000. there has been an increase in prepaid expenses of 16000 during
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