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How will high entry barriers into a market influence
(a) the long-run profitability of the firms
(b) the cost efficiency of the firms in the industry
(c) the likelihood that some inefficient high-cost firms will survive and
(d) the incentive of entrepreneurs to develop substitutes for the product supplied by the firms? Are competitive pressures present in markets with high barriers to entry?
Most people want taxes to be fair. Yet there are strong disagreements over what constitutes tax equity. Using an example and the concepts of equity. Which principle of tax equity-the benefit principle or the ability-to-pay principle-is in closest ..
Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself.
Illustretae what is the relationship among quality, consumption and demand for health care services.
Now suppose that Charles Home improvement, when the disposal cost of old water heaters is included, has exactly the same average and marginal cost curves for installing replacement water heaters as does ABC water heater.
Describe supply and demand, major reason(s) for the price increases and fluctuations, and international factors, if applicable. You should use at least four references.
Utilize these determinants in judging either demand for every of the following products is elastic or inelastic.
Describe how exchange rates are determined using supply and demand. What is the date and source of your exchange rates.
Will the homeowner retrofit also which insurance policy will the homeowner buy. Explain will the insurance company make a profit (on average) given the homeowners choice.
Discuss the nature of VRI's environmental informational complexity and resource needs (Re: The Readaptation Model): and how it effects designing an organizational structure.
Poverty among the elderly fell dramatically between 1959 and 1974 and has continued to decline. However, poverty among that portion of the US population that is less than 18 years old is no lower today than in the 1970s.
Suppose the commodity market and the money market for an economy are described throughfollowing IS and LM curve.
Elucidate the phenomenon of market foreclosure. Specifically, explain how a vertical merger may "substantially lessen competition or tend to create a monopoly".
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