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In the short run, competition sometimes leads to inefficiency in the operation of our economic system. Many people argue for monopoly in order to eliminate ties inefficiency. Discuss this solution.
Is a high degree of market concentration a boon or threat to consumers? Explain. Use either the allocative efficiency or dynamic efficiency arguments.
What is a country with a positive net investment? What is a country with a negative net investment? What makes them positive or negative?
You need both equations and clearly labeled graphs. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, assume that v=2 and that the inflation rate last period was 2%. Assume the nat..
Calculate Bob's marginal rate of substitution as a function of L,C, and α.
the policies of the federal government influence the outcomes of the various activities in that economy. when
What do you understand by the term ‘Keynesianism’? From a policy perspective, outline key Keynesian policies comparing and contrasting these against a neo-liberal policy platform.
demand can be estimated with experimental data time-series data or cross-section data. in this case cross-section data
Why are theories not cent per cent correct whether in economics, chemistry, or physics? Why is it more so in economics?
suppose your firm produces olive oil in a perfect competitive market and is currently earning zero economic profits.
a monopoly has demand given through p20000-25q and costs given through cq100q25q2. determine the profit maximizing
Discussion of short-run exchange rate overshooting
In response to the new federal regulation to provide the public with safe and wholesome seafood, an Alaska seafood processor is considering two new sanitation control systems to help monitor its seafood processing operations.
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