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Carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit in the short run. Your explanation should clearly state what will happen to the demand curve facing an individual firm and the reason why this happens.
1. Identify the feature of panel data that offers an advantage over cross sectional data and explain how the analyst can exploit that advantage
Consider a firm selling two products, A and B, that substitute for each other. Suppose that an entrant introduces a product that is identical to product A. What factors do you think will affect (a) whether a price is initiated, and (b) who wins t..
Given your answer above, explain whether, all else equal, the supply of the IRP increases, decreases, or remains unchanged. Explain the reason for your answer and depict it on your graph above.
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
1.controlsoft inc. is a supplier of inventory management and control software that is popular with companies in the us.
Presume the expected size of each cup of punch is 2 ounces and the standard deviation of the size of a cup is 1/2 ounce and each cup is poured independently. Presume each cup's size is independently drawn from the distribution. What is the approximat..
classify each of the following as employed unemployed or not in the labor force.a. beth is not working she applied
what happens to the money supply interest rates and the economy if the federal reserve is a net seller of government
1. industry demand function q 14 - frac12p 0.001income. marginal cost is fixed and equal to 16. fixed costs 0. you
office building maintenance plans call for the stripping waxing and buffing of ceramic floor tiles?this work is often
Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as they wish. The average household disposes of three cans of garbage per week under this plan.
1. calculate the present value of each of the following future paymentsa. a 10000 lump sum received 1 year from now if
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