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Answer the following questions based on a business or industry which you are familiar. You can choose a business or industry in which you are employed or a family member is employed or just an industry in which you are interested. Which type of market does this business or industry compete in? List the characteristics of the market type from the text and explain how your example fits them and where it does not. Be sure you discuss all of the market characteristics. Describe how your example firm prices it's product(s). Does it's behavior fit what would be expected based on your answer to question 1? If not, why not? Sometimes markets change over time. Do you expect that to happen in this industry? Why or why not? What changes are most likely? Provide at least 2 outside sources for information on this business or industry.
a television show called extreme couponning features people who go to extreme lengths to collect and use discount
suppose a monopolist faces the following demand curvep 90 2q. marginal cost of production is constant and equal to 10
How can you justify the existence of government-granted monopolies for public utilities such as natural gas distribution and electricity in the light of traditional economic argument that the more competition there is, the more likely it is that a..
Is First Amendment free speech protection only afforded to the spoken word? Explain. 2. The 2007 PwC Report suggested three things companies could do to minimize accounting fraud. Discuss these suggestions. 3. Describe the three types of negligence c..
If an excise tax is imposed on a commodity in order to raise revenue for the government or to reduce the consumption of the good, then what is the relevance of the price elasticity of demand in determining which of the goals is likely to be most ..
Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion. 1. If these economists ignore the possibility of crowding out, what would they estimate the marginal p..
A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.
the chapter notes that the rise in the u.s. trade deficit during the 1980s was due largely to the rise in the u.s.
justice and efficiency and government intervention in health care markets please respond to the followinga. speculate
how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of
part-1 firm perspective1. for the below three markets forms answer the following questions i perfectly competitive
the demand for haddock has been estimated aslog q ab log pc log i d log pmwhere q quantity of haddock sold in new
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