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1) explain why it is sometimes said that, in the long run, a monopolistic competitive industry has too many firms producing too many products. 2)Explain what market action is unique with monopolistic competitive firms that a consumer would not see with perfect competitive firms and monopoly firms.
A profit maximizing monopolist is earning a positive economic profit. The wage it pays its workers rises. How will the firms choice of Price and Quanity change in response to the wage increase. Use a diagram in your answer.
how do education and heathcare impact the economy externally? make sure that you show the relationships between
Describe how free market features could be introduced to help alleviate the problem
suppose that u.s. citizens start saving more. what does this imply about the supply of loanable funds and the
Suppose that the total short-run cost function of a firm is given by TC = 200 + 20Q, where TC is the total cost and Q is the total quantity of output.
List the four major areas (audience analysis; objectives and budget; issues; and research) and explain how an organization designs a program around these four influences.
One of the partners favors moving downtown because she believes the aditioanl business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move. The other partner at PBS opposes moving downtow..
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
a. explain the concept of the multiplier and explain the role of the marginal propensity to consume in determining the
assume the market price of natural gas is 6.40 per mcf thousand cubic feet and production and consumption of gas are 23
veronica has saved 5000 that will be a down payment on a new car that can be purchased for 38000.athe loan to finance
question 1who wants to play the mahoney lottery? tickets cost 5 to play and you get to pick a number between 1 and 20.
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