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Critically evaluate and explain:
a) in monopolistically competitive industries, economic profits are competed away in the long run; hence, there is no valid reason to criticize the performance and efficiency of such industries.
b) In the long run, monopolistic competition leads to a monopolistic price but not to monopolistic profits.
Hana's rounded one-year rate of return earned from her purchase of the Treasury notes is equal to illustrate what %.
As if prices increase by 3% per year over that time, approx explain how much do you gain by keeping $100 in the bank for a year.
Why does the assumption of independence of risks matter in the examples of insurance.
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
Why these former employees faced difficulties because the market for their very technical skills was declining. These workers were.
illustrate what do you think will characterize the goods which the EU exports to the United States also the goods which the United States exports to the EU.
Suppose that due to a political conflict inside the country, there is a risk the government will default in its debt.
what is the derivative dQ/dP at P = $1? d) For each demand curve, what is the point elasticity dQ/dP at P = $1?
Suppose the demand curve for a monopolist is q=500-p, and the marginal revenue function is mr=500-2q. The monopolist has a constant marginal and average total cost of $50 per unit. Elucidate what is the lerner index for this industry.
Explain your reasoning also explain Illustrate what she needs to do methodologically to make a stronger case.
Illustrate what most such asly cause the production possibility curve for vcrs also food to shift outward.
Explain by how much would it have to increase government purchase to achieve this goal.
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