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What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition?
Suppose a firm in the short run under perfect competition with P=250, TC=1,000 + 100Q + 2.5Q^2 , and MC=10+5Q-Find out the level of output that the firm needs to produce to maximize profits?
Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?
Discuss the opposing arguments as to whether consumer sovereignty should prevail in medical care.
There is the firm that has pricing control of its output and is capable to identify its consumers in two groups. The total quantity demanded for its output is the summation of quantity demanded by the two groups,
Describe supply and demand as it relates to airport market structure(oligopoly). Describe customers options - given the customers are price sensitive
Explain what happens to the primary deficit in year t if the nominal interest rate in year t increases to 17%.
Neolithic Revolution
What will the economic impacts of maintaining lower CO 2 emissions in the aggregate for the Turkish economy?
Karen runs a print shop that makes posters for large companies. It is a very competitive business. What is her AFC per poster (not per thousand!) if she prints 1000 posters? 2000? 10,000?
Define the term Consumer surplus, Gien good and Income elasticity of demand using graph and equation.
Illustrate out the term game theory? describe it with the situation in which game theory is applicable, along with any description of the two rival's strategies.
Examine the factors that determine the price of computers in a free market.
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