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Competitive Markets Concepts
Indicate whether each of the following statements is true or false, and explain why?
A. In long-run equilibrium every firm is a perfectly competitive industry earns zero profit.B. Perfect competition exists in a market when all firms are price takers as opposed to price makers.C. In competitive markets, P > MC at the profit-maximizing output level.D. Downward-sloping industry demand curves characterized perfectly competitive marketsE. A firm might show accounting profits in a competitive market but be suffering economic looses.
The public tends to view trade deficits with alarm while macoreconomics claims that trade deficits can actually be usefull for the economy. Discuss the macroeconomists position on trade defilicts
Describe the benefits and drawbacks of dynamic pricing for this particular company.
Describe what your chosen state can do to increase the supply of nurses. Include at least one appropriately cited and documented quotation to support a point.
Illustrate what are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries.
Assume which is more difficult to monitor workers at larger firms than at smaller firms. According to the delayed payment compensation model,
Elucidate the most important economic indicator affecting your organization and explain why.
Explain how can we calculate the elasticities of demand from a demand function, and elasticities of supply from a supply function.
Explain how do the fiscal policy changes play a role in the theory of political business cycles
the comparison of the percentage of change in the one variable divided by the percentage change in the other variable. An analytical technique utilized to show best case scenarios of demand and supply curves.
Consider economy that is above full-employment equilibrium (natural rate of output) because of an increase in AD. Prices of productive resources have'nt changed. With the help of graph
Elucidate policy or policies may be required to ensure the rate of inflation is low
Illustrate elastic or inelastic. Make confirm you continue to use the correct terms when considering changes in price
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