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If economies of scale extend over a very large range of output, the structure of the industry will tend to be:
a. purely competitive.
b. monopolistically competitive.
c. oligopolistic or pure monopoly.
d. highly elastic.
Answer the following concerning highway pricing and traffic volume in the long run. Draw the ATC curve for a 4 lane road and explain why it is U shaped in terms of the road cost effect and the trip cost effect.
The California Instruments Corporation, a producer of electronic equipment, makes pocket calculators in a plant that is run autonomously. The plant has a capacity output of 200,000 calculators per year, and the plant's manager regards 75 percent o..
What is the difference between explicit and implicit costs? Which of the costs is most closely associated with opportunity costs and why?
If there were a global market in water, like there is in oil, how do you think the market would work Would a free world market in water achieve an efficient use of the world's water resources Explain why or why not.
What is an example of either a proposed or successful vertical, horizontal, or conglomerate merger with which you are familiar? Which kind of merger was it? Why do you believe the merger took place? How did the merger affect the market structure in w..
bulls eye department store specializes in the sales of discounted clothing shoes household items etc. similar to the
How does the picture of investment described in your textbook compare to that illustrated by the authors of this group of readings 2. Is there anything that can be done to make our credit system a source of growth and stability
how is an aggregate demand curve derived? what would cause the aggregate demand curve to shift to the right? suppose
How do you think the size of marginal costs of newspaper production compares to the size of average total costs? Explain your reasoning.
Compute the marginal rate of substitution of apples for bananas using the marginal utilities. Compute the value of the MRS at (2,4) and at (1, 16).
suppose the united states produces two goods civilian goods and government goods and that is all that they produce. ok
Assume that the demand and supply curves for broccoli in the United States market are given by:
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