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a. Why does a prospective monopolistic competitor find it relatively easy to start production in the long run?
b. Why does the demand curve of a monopolistic competitor shift down when more firms start production?
c. Why is it difficult or impossible to define the industry under monopolistic competition?
d. Why is there a cluster of prices rather than a single equilibrium price in this kind of industry?
QUESTION 2. Explain how the achieved trust level of a companys communication using blogs and social media compared with similar communication efforts conducted using mass media and personal contact?
The farmer wants you to work out how many heifers to carry through the system so that he can replace the cull cows and
One way to view the law of diminishing marginal productivity is to say that, The concept of derived demand can best be illustrated by the statement:
At an Asian mobile service provider, the demand for voice calls has a price-elasticity of demand (PED) of -0.085 (or if we take the absolute value, PED = 0.085) and cross-price elasticity (CED) with respect to the price of short message service
Determine the effects on American wages and purchasing power of continued outsourcing of labor overseas. Find some of the reasons for these trends.
Assume that the data describe the condition of the banking system By how much could the banks increase their lending activity?
Long run average costs rise as output increases if and only if the production function is homogeneous of degree p?(0,1). True or false? Explain your answer.
Is there too much or too little smoking? Explain why smoking bans on bars and restaurants do not efficient solve an externality problem.
Can you articulate how macroeconomics and microeconomics come into play in the context of firm decision-making in a global business. Please provide an example.
Suppose the consumption function is: C = a1 Yd + a2 WRE/S + a3CC Where all the a's (the sensitivity parameters) are greater than zero. Initial conditions: Let a1 = 0.60, a2 = 0.04, a3 = .5, WRE/S = 18,000: CC = 90 Solve for C in terms of Yd. Se..
find examples in the current business news media of how ebay and other online sellers obtain information about the price elasticity of demand by making unannounced temporary adjustments to thier prices and fee structures
What percentage would the quantity demanded of corn increase?percent.
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