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Which of the following conditions allows a monopoly to exist?
A) Gaining a large share of the market
B) Continually declining marginal costs
C) Better technology allowing lower production costs
D) The “First-mover” advantage
1. describe the schumpeterian notion of creative destruction. how does it compare to kirzners view of the
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:
Assume there is a central city school district in which the student population is predominantly black. What will there be a salary differential between black and white teachers.
Crew Brew of Wisconsin plans to build a microbrewery on a small stream in that state. After sampling water from the stream, Chris Pierson has found that it is contaminated with pulp and paper waste from a local paper mill.
Elucidate what policy measures can be to combat cost push inflation and demand pull inflation respectively and commet on the possible side effects of these measures.
q. 1. patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them
q.assume that the price elasticity of demand for cigarettes is .46 in the short run and 1.89 in the long run the income
Would this have been the result of a change in Demand? If so, why; if not, why not? If not, what was the probable reason?
The set-up cost per lot is estimated to be $40, and the manufacturing cost has been established at $5.20 per unit. Interest, insurance, taxes, space, and other holding costs are $3.10 per unit per year. Calculate the economic manufacturing quantit..
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
What is the MRP of labor equal to in this situation? Assuming that Economan takes the price of labor as a given, what is the maximum daily wage that would make it in his best interest to hire this additional employee?
What problem is the economy facing? Assume you are a governor on the Federal Reserve Board of Governors. What type of policy (easy money or tight money) would you recommend to fix the problem you identified in question 1? What could happen in the eco..
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