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Please answer all 3 questions using APA 6th Edition format style, site any paraphrasing or quotes that are used in the answer and list source references under each answer as according to the APA 6th edition formatting guidelines.
1. Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
2. Discuss how an imperfectly competitive firm resorts to price discrimination to maximize its profits.
3. One of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Do you believe that is a valid critcism? Discuss with appropriate examples.
can country A change the outcome of the game by burning the bridge they are crossing to invade and committing its troops to fight? expand the game tree to show this option for county A and find the new Nash equilibrium. Explain
Do you think the overall level of R&D would rise or reduce over the next twenty to thirty years if the lengths of new patents were extended from twenty years to, say "forever"?
Discuss how Internet security measures can actually create opportunities for criminals to steal, rather than prevent them.
Assume you run a pizza store and currently have two workers. If you hire a third worker, your output of pizzas per day rises from 55 to 65.
Do workers of monopolies get paid more compared to employees who do the similar work in other industries that are not monopolies?
Write down a paragraph explaining how the Hernandez Corp. finds the least cost combination of inputs for producing the given rate of output.
What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
You manage the plant the mass produces engines by teams of workers using assembly machines. The technology is summarized by production: Find out the short run production function? Find out the total cost function for your plant to produce q engines ..
About the role of Multinational Corporations in Business, Government and Society. the role of ethics in the global arena, the influence of governmental regulation, the roles of consumer, employee and environmental protection and how good corporat..
Few states in the U.S. permit citizens to openly carry handguns. People can save themselves in the case of robberies or harm by using these guns.
Discuss in general the appropriate metrics that one may require to track. Also explain how investing in IT with an eyes towards the replacement or automation of another project or issue or task may work.
Use demand and supply analysis to illustrate the changes in chicken prices described in the article. Describe what has happened in the corn and soybean-meal markets and how that has influenced the chicken market.
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