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Use the Internet to research an oligopoly not discussed in the text. Describe the oligopoly you researched and explain what makes it so. Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity, initially gaining a 12% market share. Discuss the steps the oligopoly should take to address this new competition.
What is the relationship between the average variable cost and marginal cost and relation between average product and average variable cost?
Julia must select between two different designs for preventing closure, which will be in use indefinitely. Model 1st has a life of 3-years and cost of $8000, and maintenance of $1000 every year.
Discuss why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?
Discuss how is it possible to change society, for Marx, through using relationship between economy on the one hand and the political environment on the other.
Find out the optimal price and quantity with standard pricing. Which is the per-customer profit for the gym? What is the consumer surplus?
Graph the demand and marginal cost curves and calculate and indicate on the graph the equilibrium price and quantity
Assume the following was overheard at the water cooler: "I think our medical device company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs."
Which of the following is NOT a condition for price discrimination? Different groups of consumers should be charged differing prices for the same product. The firm's demand curve should be downward sloping.
Obtain price elasticity of demand for good one. Obtain income elasticity of demand for good and find the amount of compensation needed for Hicks compensation
Employ the following equation to demonstrate why the firm producing at the output level where MR=MC will also be able to maximize its total profit
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase?
Discuss short and long run expenses. For the short run discuss the relationship in cost and production theory and the idea of diminishing returns.
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