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1.) What is imperfect competition and why is it "Imperfect."
2.) Describe the four(4) main charactertistics of an oligopy
3.) Describe the four(4) main charactertistics of monopolistic competition
4.) Descrive the four(4) main charactertistics of non-price competition
Assume a Solow growth model economy with no exogenous technological change is initially at a steady state. Suppose there is a permanent decrease in the population growth rate, say on account of the spread of AIDS – a major current problem in Sub-Saha..
What factors in global segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the industry?
Oregon has an income tax but no state sales tax, while Washington has no state income tax but does have a state sales tax. Oregon residents can deduct the state taxes they pay (the income tax payments) from their federal income taxes, while Washingto..
q. under what elasticity conditions would the following be trueincreasing the minimum wage will result in a decrease in
Suppose the economy is in long-run equilibrium. In a short span of time, there is a sharp increase in the supply of labor, a major new discovery of oil, and new environmental regulations that raise the cost of electricity production.
In a country, the unemployment rate at the full-employment level is 3%. A new government public works program results in massive hiring
The cost to remove the old machine is $2000. Which are the relevant costs for the old machine?
Conduct research on the current state of Social Security. Your 5 page paper should address the following: Explain the concept of Social Security as originally envisioned by President Roosevelt. Evaluate the viability of Social Security within the nex..
Based on the Unit 2 lecture and unit readings, describe the many ways the government affects economic activity. Explain the positive aspects of this government involvement. Now, explain the negative aspects of government involvement. Finally, describ..
You are in a class with one other student. It is the end of the semester and final exams are in one week. Your teacher has said the final exam will be graded so that anyone who scores the class average on the final exam will receive a B in the class.
What is equilibrium price, and how do I find it on a graph? What is equilibrium quantity and how do I find it on a graph?
A small town mayor has two proposals for building a road. The first is to let a private company build the road, and the second is for the local government
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