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Monopolistic competition is like monopoly in that:
A. both industries represent price-taking firms. B. both industries have high barriers to entry. C. neither industry has high barriers to entry. D. price changes are dictated by changes in supply. E. both industries represent price-making firms.
Automobile industry is oligopolistic in which few automobile companies control significant percentage of the total market share. Do a little research and cite some data regarding the top ten automobile companies and their combined market share in the..
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve.
This is a business law question there is now select subject for business law so I chose economic Miller, R. (2013). Fundamentals of Business Law: Describe the value of having a will or a trust.
Suppose that government decides to charge cola consumers a tax. What is incidence of tax that falls on producers.
The market supply curve slopes upward because:
a homeowner can insulate his house and save $50 each year in heating bills. If the interest rates are 6%, should the house owner insulate or not.
q1. why do economists attempting to forecast short run future changes in real gdp and employment look closely at data
Consider the following Heckscher-Ohlin model. Spain and Italy produce shoes and T-shirts using capital and labor. Spain is labor abundant and Italy is capital abundant. Shoes are capital-intensive and T-shirts are labor intensive. Suppose both countr..
Assume the technology for producing personal computers improves, and, at the same time, individuals discover new uses for personal computers so that there is a greater utilization of personal computers. Which if the following will happen to the equil..
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
There is nothing like reading a good book or watching a great movie for a little escapism and entertainment. With all of the television channels out there and access to the internet, you can watch just about anything you want at any time. When you he..
What are the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the trade barriers used?
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