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Describe the four basic types of market structures. Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure.
1) For this assignment, in your own words, Identify the four basic market structures, in order, from the best for consumers to the being the best for producers.
2) Describe each in terms of their distinguishing characteristics (e.g., monopolies have only one producer). Make certain you describe how the characteristic distinguishes the associated market structure from other market structures.
EPA issued 30 tons of permits to two different utilities. If the utilities had been truthful about what it cost them to mitigate a ton of pollution and EPA had been able to make the marginal benefits and marginal cost equal (balanced). what would the..
Your firm is considering a potential investment project, and your finance group has prepared the following estimates: and NPV of $10 million if the economy is strong (30% probablility), and NPV of $4 million if the economy is normal (50% probablility..
When an economy is under autarky the price of eggplant is $5. The world price of eggplant is $3.50. If opened to the world market, would consumers or producers benefit? Would consumers or producers lose? Explain your reasoning (using a graph would be..
Is the concept of economic performance, together with the practice of using economic performance measures (variables) that are either money amounts or are constructed from several money amounts, a valid, objective tool to measure value? Defend your a..
Consider a competitive market that all the firms in this market vent an ozone reducing chemical into the atmosphere as a consequence of their production activities. Is tis outcome efficient? Explain with the help of a diagram. Do these firms have an ..
An important law in economics is the “Law of Diminishing Marginal Utility”. Discuss what this law is and provide an example of diminishing marginal utility you’ve encountered recently.
determine intellectual analysis and incisive. Write down a brief essay of about one page on the impact of labor migration.
Draw a fully labeled figure of the FE line, the LM curve and the IS curve. Label the point where all three curves intersect E. Show in the figure how the curves move in response to a positive supply shock (i.e. an increase in A). Then answer how each..
Compare the costs and benefits of regulation. In your opinion, do the benefits outweigh the cost or do the costs outweigh the benefits? What are the advantages and disadvantages of deregulation?
Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
If the government decides to spend an extra $5 billion on fighter jets that they would otherwise have spent on road construction, and the MPC = 0.75, what is the effect on AD?
A monopsonist faces a labor supply curve given by LS = −300 + 0.01w , where w is the annual salary. What is the lowest salary the firm can pay yet still induce one worker to want to work for the firm? What is lowest salary the firm must pay to induce..
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