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Why are competitive markets considered more efficient than monopolistic markets? Give economic reasons. Give a real-life example of a market that tends to be competitive and one that tends to be monopolistic. Describe characteristics that support your classification. Is there evidence of efficiency or inefficiency in either of the markets you describe?
450 words and 2 scholar references
A securities analyst claims that, given a specific list of 6 common stocks, it is possible to predict, in the correct order, the 3 that wil perform best during the coming year. What is the probability of making the correct selection by chance?
Are there any current subsidy or welfare issues?
Assume that in the short-run the firm’s labour input is fixed at 10 unit. What is the short-run average and marginal product functions?
Explain how does this compare to other industrial economies. What is your opinion on this relationship of the budget deficit to GDP.
How will this policy affect Hong Kong's exchange rate between Hong Kong and the euro zone? Explain your reasoning - Explain your reasoning and answer whether there is exchange rate overshooting.
(b) What is the maximum total revenue per year that Solis can obtain from sales of its product (Give the exact dollar amount and show how you determined it.) (c) Calculate the point price elasticity of demand for Solis product when Q=50000. Is the..
Explain short-run and long-run effects on the US GDP and the price level for the following events. Assume that policymakers take no action.
In a leading publication your read this statement: "There are also increasing expenses for commodities, such as barley, aluminum, and glass, making it important to gain economics of scale." Sometimes industries get so big that they create shortages..
Campbell's sells used trailers, U, and new trailers, N. Its profits are given through Õ = 100N + 68U - 5N2 - 5U2 - 2NU. Determine Campbell's maximum profit is
Think an economy with following Cobb Douglas production function; Determine the equation describing the demand for labor in this economy?
Should US laws be changed to need a shorter work week and longer vacation time.
"What steps if any, do you think should be taken to promote a green economy in your country or region? What steps would be most effective? Can you propose policies that businesses might support?"
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