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Difference between monopolistic and perfect competition
What's the difference between monopolistic competition, and perfect competition market models? Please use examples from the real life.
What's the pricing and non pricing strategies that firms rely on to compete in monopolistic competition and oligopoly market models.
What are the strategies that firms rely on in monopoly and oligopoly to sustain their economic profits overtime? Please use examples from your work or real life.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers.
Cindy gains utility from consumption and leisure. The most leisure she can consume in a week is 168 hours.
Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.
Eluciadte the work of how the answer was derived. David Upton is president of Upton Manufacturing.
Government imposes excise taxes on goods which have inelastic demand, such a cigarettes.
What do you think large corporations like Microsoft and WalMart should be regulated more or less than they are.
Provide an argument for or against trade. Explain your reasons. What should government do to support your argument.
Explain how each of the following scenarios would cause the aggregate demand, short-run aggregate supply, and/or long-run aggregate supply.
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
Compute the Conventional and the Modified BCR for this project. Should this investment be made.
The largo publishing house uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and the price of the printing press is $5,000.
Use the aggregate demand-aggregate supply model to illustrate graphically the short-run and long-run impact of this decline on output and prices.
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