How even a single additional competitor can lead

Assignment Help Managerial Economics

Reference no: EM133133129

Instructions

International trade can have big effects on domestic markets. For both an import good and an export good (in other words, address each bulleted item below twice-once for import and once for export), describe how opening up to international trade affects the following: supply or demand for the particular good, the competitiveness of that good's market, and how the change in competitiveness affects equilibrium price and quantity. Stepping away from the import/export examples, describe how opening up to trade specifically affects a domestic monopoly.

Include an explanation, using game theory, of how even a single additional competitor can lead to a market outcome similar to perfect competition. Your essay must be at least three pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used.

Be sure to include an introduction. Please note that no abstract is needed. If you need help identifying peer-reviewed publications, review the CSU Online Library resources Peer-Reviewed Resources and video How to Find Peer-Reviewed Resources (Transcript for Peer-Reviewed Resources video).

Resources The following resource(s) may help you with this assignment. Citation Guide CSU Online Library Research Guide Submit Writing Center Request

Reference no: EM133133129

Questions Cloud

Compute the net present value for the project : The branch office is expected to generate additional before tax net income of $30,000 per year. Compute the net present value for the project

What amount of gain or loss be reported on income statement : Assume the equipment is sold after 3 full years of use, for proceeds of $20,000, what amount of gain or loss would be reported on the income statement

Explain alexander hamilton argue in the federalist : 1. Argue Anti-federalist writings of Brutus 1, 2, and 3, we can see that they were very concerned with the amount of power given to the National government.

Optimal combination of labor and capital : A chair manufacturer hires its assembly-line labor for $30 an hour and calculates that the rental cost of its machinery is $15 per hour. Suppose that a chair ca

How even a single additional competitor can lead : How even a single additional competitor can lead to a market outcome similar to perfect competition

International dependence explanation of underdevelopment : Which of the following approaches does not offer an international dependence explanation of underdevelopment?

What is the adjusted balance in the accumulated depreciation : Management estimates a useful life of five years and a residual value of $5,000. What is the adjusted balance in the Accumulated Depreciation account

Central role in economic development : Why are women often referred to as playing a central role in economic development?

Formulate the equation or level of fixed cost : Suppose that each firm in a competitive market has the following identical cost:

User Account

All Pages