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Given that pure competition and pure monopolies do not exist, to any extent, provide an argument for and against the idea of monopolistically competitive or oligopoly firms. Include examples of these firms and support for your findings with a couple of outside sources.
A monopolist faces the demand curve Q = 11 - P . The monopolist has a constant average (and marginal) cost of $6 per unit.Draw the average and marginal revenue curves and the average and marginal cost curves. What are the monopolists profit-maximizin..
Mr. Darcy is a single man of good fortune, so good, in fact, that it allows him to sustain a lavish lifestyle simply on the interest he earns on his savings without ever having to work. What is Mr. Darcy’s nominal wealth at the end of each the next t..
You have just purchased a house for $400,000, paid $24,000 for legal fees and $17,000 for renovations. The market price of the house does not change. If the sales tax on a house were 3% (to be paid by you if you sell the house), what is the sunk cost..
you are a manager in a perfectly competitive market. the price in your market is 45. your total cost curve is cq 10
In a world where the public holds no currency but where banks keep fractional reserves against deposit liabilities, explain how an injection of new base--say from The Fed’s purchase of securities-- lead to new M1 which is a multiple of the new base. ..
In Vintland, sanitation engineers are being replaced with garbage robots, which have fewer negative effects and many more significant benefits. However, the labor cost efficiency of garbage robots has driven down the price of collecting garbage so si..
In the Wall Street Journal article included in this week's lesson, what change in the small drugstore chain's product differentiation strategy has helped lift profitability? What has been responsible for the success of this strategy (who comprises th..
Your company, ExAG, exports billions of dollars in genetically modified agricultural products around the world. What position, either for or against, do you recommend your industry trade association take? Explain in detail the reasoning behind your p..
Lakisha has a utility function for income given by U(I)=√I. Lakisha is ___ (risk averse/risk loving/risk neutral). Lakisha is considering an investment that would give her an income of $10,000 with a probability of .5 or an income of $20,000 with a p..
You are determined to have at least one million dollars on the day you retire. How much will you need to save each year over the next 40 years of your career in order to meet this goal of$1,000,000 assuming you put you money into an account that aver..
1. 1.because bank funding markets are global and have at times broken down disrupting the provision of credit to
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
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