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For 2 different companies from 2 different market types (perfect competition, monopolistic competition, oligopoly, monopoly) provide well thought out, typewritten responses to the following. There is no minimum required length. Short of the company name, all responses should be typewritten in full sentences. You can just replicate the format below for the second company.
Company Name:
Description of Company’s Products and/or Services:
Name of at least two competing companies:
Basing your response on economic theory, under which market structure does the company operate?
Comedian Jay leno once took his show to michigan and gave away free tickest so that out-of-work individuals could attend. He later objected when he discovered that someone tried to sell his free ticket on eBay, and eBay subsequently banned the sale o..
Future value of an annuity Your client is 36 years old; and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $5,000 per year; and you advise her to invest it in the stock market, which you expec..
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
q1. mark consumes only cookies and books. at his current consumption bundle his marginal utility from books is 10 and
What is the point price elasticity of demand at a price of $70? What is the point price elasticity of demand at a price of $60?
Plot the average total cost, average variable cost, and marginal cost curves for a single firm (remember that values for marginal cost are plotted at the midpoint of the respective intervals) What is the firm's supply curve? How many chairs would the..
Consider the following demand and supply relationships in the market for golf balls: Qd = 90 − 2P − 2T and Qs = −9 + 5P − 2.5R, where T is the price of titanium, a metal used to make golf clubs, and R is the price of rubber. a) If R = 2 and T = 10, c..
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept.
What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate? What does it imply about the actual price level relative to the expected price level? What must happen to real and nominal wages in order to clos..
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week.
Suppose that there is an announcement that chocolate causes cancer what., would happen to equilibrium price band quantity in the market for her shey's chocolate be? be able to draw the graph that illustrates your answer
Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce Y units of output according to the following production function: Y = 30K + 10L The firm wants to produce 600 units of output.
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