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1. What are the assumptions underlying Imperfect Competition?
2. State 2 features of a firm in long run equilibrium in Imperfect Competition that would be common to a firm in long run equilibrium under Monopoly.
3. Give an example of an industry operating under conditions of an Oligopolistic market structure.
4. What does it mean for a firm to: 1) collude and 2) be a profit maximiser?
Appalachia Beverage Corporation, is planning alternative proposals for expansion into the Midwest. Suppose that a wholesale price of $5 per case, compute the breakeven output quantities for each alternative.
Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic. Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2.
The fundamental objective of the Land Registration Act is that "under the system of electronic dealing with land that it seeks to create, the register should be a complete and accurate reflection of the state of the title of the land at any given ..
Does the base year matter when computing RGDP? Can you pick the wrong base year - Where did the "GDP Deflator" get its name?
Illustrate what percentage of the CEO's total earnings is tied to profits of the firm.
What is the equation for the market demand for Harry Potter books if all consumers have the same equation for demand as Laurel?
Jerry and his wife decide this is a good time to buy a house.They have a down payment and need to borrow $250,000.They are offered financing which requires a 2% loan origination fee and monthly payments of $1,500 per month for 30 years.what is their ..
Show that if interest rates rise to 10 percent within the next year and your investment horizon is four years from today, you will still earn a 9 percent yield on your investment.
Describe their organizational structure and what market entry strategies each of these companies are currently using.
Illustrate what are the benefits and drawbacks of dynamic pricing for that particular company.
If the elasticity of US exports with respect to the real exchange rate is very low, will this increase in private saving have a large or small effect on the U.S. real exchange rate
Explain whether you think the supply of the following goods is elastic or inelastic,
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