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Question: Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive and explain your answers.
1. Wooden no. 2 pencils
2. Copper
3. Local electricity service
4. Peanut butter
5. lipstick
tammy monahan is considering the purchase of a home entertainment center. the product attributes and weights she
Describe a simple ?xed-price short-run macroeconomic model (with ?exible nominal wages) and compare it with a conventional market-clearing model. Compare their predictions for the effectiveness of monetary and ?scal policies.
The jewelrystore's demand curve for guards is strictly greater at all prices than that of the hat store. Themarginal cost of a guard is $10 per hour.
What fraction of the houses in the sample are located in each region? What fraction of the houses in the sample are of each style?
Using the data in the table and on your graph, explain the profit maximizing, or loss minimizing level of output. Define a normal profit and an economic profit. Are normal profits being earned in this example?
Governmental sources (public programs) and private payers are just a few examples regarding sources of health care revenue. Medicare, Medicaid, and managed-care programs are some types of payers that make up the revenue source for health care orga..
What type of company and what is your product or service? Which form of ownership will you use? What are the pros of that ownership? What are the cons?
for most firms today success or failure is determined by the ability to find attract keep develop and tap into the most
What are the main problems of using headcount ratio and income gap as poverty measures in a region?
The following data reveal how much each consumer is willing to pay for an Alaskan cruise: Amy $900 Ed $2,000 Bob $1,100 Gigi $1,300 Carol $1,500 Hugo $1,800 Eduardo $400 Isabelle $1,500
What are the optimal tax rates that the government should impose on each good?
what is the basis of the kinked-demand model? explain the reason for the gap in the oligopolists marginal-revenue
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