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Q. Research the long-run effects of patent expiration on prices, output and profit in a monopolistic industry. In addition, research the long-run effects of entry into monopolistically competitive industries on prices, output, and profits. Explanation must be substantive.
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
Illustrate why might Fourth of July fireworks be considered a public good. who should pay for them. what about airport security.
In the market economy that relies on the law of supply and demand, determine which of the following does not fit with the other:
Explain how do the life-cycle hypothesis also the permanent income hypothesis resolve the seemingly inconsistent pieces of evidence regarding consumption behaviour.
Illustrate what are the factors which involve the provide also demand of which good or service. How do you expect the demand also provide of which good or service to change in the next yr.
Solve for steady-state level of captial and output. What savings rate would be necessary to achieve a steady-state output of 150.
Based on your graphical analysis, explain the predicted impact of Mr. Buchanan's proposed policies. Specifically state what happens to the exchange rate, the trade balance, the volume of imports, and the volume of exports.
With the decrease in demand for bridge and tunnel crossings, what is the optimal way to adjust tolls: raise tolls, lower tolls, or leave unchanged.
Examine the key factors affecting the demand for and the supply of a good or service
The government sets a price floor of $5 in the above market. Is this price control binding? If so, is there a shortage or a surplus and what is its magnitude.
Assume the U.S. government implements a policy that achieves the savings rate needed to achieve the golden rule level of capital.
Illustrate what is the lowland of far southeastern India that borders the Indian Ocean also contains the city of madras.
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