Reference no: EM131249497
You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates. You are encouraged to respond to other students as well as to your instructor.
Choose one question to answer:
1. Give examples of industries that are monopolistically competitive. Find the news articles, books which explain these examples.
2. What is "monopolistic" about monopolistic competition? What is "competitive" about a monopolistically competitive market? Please explain.
3. Suppose that A Cleaner World invents a new type of laundry detergent that has an ingredient that stops stains from setting into clothes. If the laundry detergent market is monopolistically competitive, explain what will happen to the price of its product in the short run. What will happen in the long run?
4. "If the amount of product differentiation in a monopolistically competitive industry is very small, the outcome in that market will not be very different than if it were a perfectly competitive industry." Please explain.
5. Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
|
Average weight in excess
: The weights of the sugar bags are normally distributed. What is the probability that 25 randomly selected packages will have an average weight in excess of 16.06 ounces?
|
|
Sample variance and standard deviation
: Calculate the sample variance and standard deviation for this data (since it is a case of grouped data- use group or class midpoints in the formula in place of X values, and first calculate the sample mean).
|
|
Calculate the sample variance and standard deviation
: Calculate the sample variance and standard deviation for this data (since it is a case of grouped data- use group or class midpoints in the formula in place of X values, and first calculate the sample mean).
|
|
How has your personality changed over time
: Describe and reflect on your own personality in a 3-5 page paper. When doing so, include the following points: Relate your personality to at least 3 theories covered in this course. Describe each theory in detail. What environmental factors do you th..
|
|
Differentiation in a monopolistically competitive industry
: "If the amount of product differentiation in a monopolistically competitive industry is very small, the outcome in that market will not be very different than if it were a perfectly competitive industry." Please explain.
|
|
How does working memory enhance reading
: Describe the difference between an intellectual disability and a learning disability.
|
|
Problems associated with job redesign efforts
: What are some of the challenges or problems associated with job redesign efforts? What steps do these challenges suggest that management should take?
|
|
Discussing the ins and outs of gdp
: So far we have been discussing the ins and outs of GDP and what gets counted and what doesn't. We have concluded that unemployment is a drag on the economy.
|
|
Which reflexes dropped out early
: How many of the reflexive behaviors were exhibited by the younger infant? By the older infant? Which reflexes dropped out early? What responses seem to replace each of the reflexive behaviors in the older infant?
|