Explain rational business price and production decisions

Reference no: EM13176735

Identify a market that you believe is "oligopolistic" or "monopolistic competition." Your text can help you with this. I choose Cell Phone companies like (at&t, Sprint, Virzon) Which is an Oligopoly Competition
Tell us why the market you selected meets the criteria of an oligopoly or monopolistic competition. Then tell us what that means for rational business price and production decisions.
Evaluate the result in (2) from perspectives of efficiency and equity drawing upon price/cost margins for your explanation. You may want to also consider issues involving the stability of collusive cartels.

Reference no: EM13176735

Questions Cloud

Indicate dollar amounts to be reported as current liability : Frederic Chopin Corporation is preparing its December 31, 2008, balance sheet. The following items may be reported as either a current or long-term liability.

Whether price is elastic or inelastic : 2.The demand for a luxury good whose purchase would exhaust a big portion of one's income is: a.perfectly price inelastic b.perfectly price elastic c.relatively price inelastic d. relatively price elastic

What are the main points that the report identifies : What are the main points that the report identifies and why do you think this is so and how do you think this report would benefit business entities, what type of entities and why?

How much money to withdraw : If he deposits %5000 each year, how much will his daughter be able to withdraw each year starting in year 18 and continuing through year 22? Assume the account earns interest at 8% a year.

Explain rational business price and production decisions : Evaluate the result in (2) from perspectives of efficiency and equity drawing upon price/cost margins for your explanation. You may want to also consider issues involving the stability of collusive cartels.Then tell us what that means for rational ..

Determine the lost social welfare : Consider a market where supply and demand are given by QXS = -14 + PX and QXd = 91 - 2PX. Suppose the government imposes a price floor of $42, and agrees to purchase any and all units consumers do not buy at the floor price of $42 per unit.

Determine balances of accounts affected by adjusting entries : Journalize the adjusting entries. Add additional accounts as needed and determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trialbalance.

Describe possible economic policies : Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable. Identify possible economic policie..

What happens in market for autoworkers : Suppose the market for autoworkers is in equilibrium when the automakers purchase capital goods to produce more fuel efficient automobiles and these capital goods are a substitute for workers. What happens in market for autoworkers?

User Account

All Pages