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Question: Indicate how high entry barriers into a market will influence
- Long-run profitability of the firms
- Cost efficiency of the firms in the industry
- Likelihood that some inefficient firms will survive
- Are competitive pressures present in the markets with high barriers to entry? Explain.
- Describe which market you would prefer for selling products. Explain why and support your answer with the characteristics of the market.
- Describe which market structure respond to price changes of the products they sell? Explain whether each market structure will be selling elastic or inelastic products, and how this will affect the market price charged.
- How does the role of the government each market structure's ability to price their products?
Explanations on how the various body systems (anatomically and/or physiologically) are affected; etiology; medications/treatments that are available; prognosis of those affected, and future outlook in general.
Think the market for personal computers. Assume that the demand is constant : the demand curve does not change. Predict the effects of the following changes on the equilibrium price of computers.
John Taylor of Stanford University proposed the following monetary policy rule: R_t-r ¯=m ¯(π_t-π ¯ )+n ¯Y ~_t. That is, Taylor suggests that monetary policy should increase the real interest rate whenever output exceeds potential.
Are the OLS estimators consistent? Can confidence intervals be constructed in the usual way? If so, how do they differ from those that we would obtain if we had (measurement error free) observations on Yi? Explain.
Lots of Little Screens Inexpensive broadband access has created a generation of television producers for whom the Internet is their native medium.
Suppose that you are a consultant to a firm that publishes books. Suppose that the firm is about to publish a book that will sell for $24 a copy. The fixed coat of publishing the book are $7200, the variable cost is $18 a copy. What is the breakeven ..
Find the reaction function for each company and graph. What is the Nash equilibrium (quantities produced by each firm) and profits at this Nash equilibrium?
If autonomous consumption is $1,000, the MPC is 0.75, taxes are $500, investment spending is $800, and government purchases equal $500, what is equilibrium GDP
Create a start-up business to produce a specific product (a good or service). A three to five (3-5) page written research paper on the start- up business, the product and the market structure of the industry is required.
An article in the Economist notes that gasoline prices in Japan were increasing "because of the government's efforts to drive down the yen." Why was the Japanese government trying to drive down the yen?
Determine the factors involved in making decisions about pricing these products that you believe to be the most influential. Provide a rationale for your response.
In 1976, the United States banned the manufac- ture of PCBs. Propose an alternative policy that would effectively reduce society's exposure to these cancer-causing substances. Support your proposal by discussing two of its strong points.
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