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Q1 What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures? Identify which market structure your organization competes in and why you think so.
Q2 What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits? How could you graphically illustrate economic profits made by a perfectly competitive firm; monopolist; and firm competing in a monopolistic competitive market? Q3What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing level of output? Explain your answer.
Evaluate the strategy that led to the merger or acquisition to determine whether or not this merger or acquisition was a wise choice. Justify your opinion.
As the skill level (and therefore earnings rate) of, say, an architect, computer specialist, or chemist increases, what happens to his or her opportunity cost of doing other things? How is the time spent on leisure likely to change?
bayer schering pharma ag germany owns the alka-seltzer which was launched in 1931 and was meant for relief of minor
What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do these measures differ from the UNDP's Multidimensional Poverty Index - How might inequality lead to faster growth or development? How m..
Do you believe managers are justified in monitoring employees Should managers always alert workers about monitoring At what point (if any) does management monitoring become unethical Would your perspective be different if you were the owner of the..
explain how the market economic system works to answer the fundamental economic questions. explain how this may differ
Find the trend in the growth rate of M1 and M2. What accounts for differences in the growth rate of each money supply measure?
Consider a firm which employs capital and labor as inputs and sells 5,000 units of output per year at the going market price of $10. As well suppose that total labor costs to the firm are $45,000 annually.
An increase in the demand for video films also increases the salaries of actors and actresses. Is the long-run supply curve for films likely to be horizontal or upward sloping? Explain.
question 1briefly explain whether each of the following statements describes a change in supply or a change in the
suppose that a firm has a monopoly on a good with the following demand schedulequantity price0 101 92 83 74 65 56 47 38
you must identify a franchise that is relatively new (less than 10 years old and fewer than 25 locations in Canada). You must then evaluate the attractiveness of the franchise for an identified location. The evaluation should include: Presentation ..
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