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Industrial organization or market structure refers to the characteristics of a market or industry, such as the type(s) of product, number and size of firms, ease of entry into industry, cost of exiting, independence of action etc. One such industry is known as Pure Competition. Describe the attributes of such an industry and provide some examples.
Discussion Title: Pure/Perfect Competition
Explore why, in the long run, typical firms in perfectly competitive industries earn zero economic profit (or earn only a normal return on investment). What is the adjustment process that drives economic profits to zero? Why does this process not occur in less competitive industries? Find an example that illustrates the process.
If the saving rate does not change, but the population growth rate rises, what will happen with Avataria's GDP per capita What will happen with its GNP per capita How do these results contrast with the Solow model presented(b) Now assume that the..
Total population coincides with total workers and is denoted by L and compute the Solow residual and describe clearly the changes that occur to the graph and compare the final result with the initial situation
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Illustrate what is the difference between a movement along and shift of the demand curve. Show the impact on the equilibrium price and quantity that results.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Illustrate what factors will increase or decrease the level of international capital mobility between one nation and the rest of the world.
Elucidate how the enterprise zones could be utilized to enhance the economic development implications of your policy issue.
Tim buys 2 pizzas and sees 1 movie a week when he has $16 to spend. The price of a movie ticket $8, and the price of a pizza is $4. Draw Tim's budget line. If the price of a movie ticket falls to $4, describe how Tim's consumption possiblities cha..
How does this proposed tax hike affect the social cost of gasoline consumption in the short-run In the long-run d. Do you support this proposed tax hike If yes defend your position If not provide an alternative policy (Answer as an economists, n..
Farm Fresh Corporation supplies sweet peas to canneries located throughout the Mississippi river Valley Like many grain and commodity markets, market for sweet peas is perfectly competitive.
Derive the expression for the LM schedule in the form i= f(Y), when the money demand function is Md = 680 + 0.8Y - 20i, and the money supply function is M^S = 880.
Suppose a country's nominal GDP is $600 billion, government expenditures less debt services are $145 billion, and revenue is $160 billion.
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