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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.
A school fundraiser raffles off a free trip to Hawaii. Many people purchase raffle tickets, but there is only one winner.
Find the marginal rate of substitution for both individuals and is the initial allocation pareto efficient
A manager at strateline manufacturing much choose between twoshipping alternatives: two day freight and five-day freight. Using five day freight would cost $135 less than using two day frieght.
Company M and N compete for market and decide independently how much to advertise. Every one can expend either $10 million or $20 million on advertising.
Suppose the inverse market demand for silicone replacement tips for earbud headphones is p = pN - 0.1Q, where p is the price per pair of replacement tips, pN is the price of a new pair of headphones, and Q is the number of tips per week. Suppose ..
What challenges would face the Greek government if they wanted to undertake fiscal policy to address the problems described in b?
Discuss one of the conflicts experienced by one of the protagonists in the films viewed. How does the conflict experienced by this character compare to or contrast with similar types of conflict people experience in everyday life.
Evaluate the overall explanatory power of the regression model. Use a 0 . 05 level of significance. State all your hypotheses and explain your results. Do not use rules of thumb.
What is the welfare loss in the labor market compared to the case where the engineer labor market is competitive?
You have been put in charge of electricity restructuring on the Isle of Mann. As part of the restructuring plan, it has been suggested to you that all wholesale electricity should be sold on the spot market at a price that is set every single min..
Provide a brief critique of the CEO's use of your analysis to arrive at her decision to keep the tuition reimbursement program. Assume that she has no additional information on the relationship between employee happiness and participation in the t..
perfect competition 1. a perfectly competitive firm has the short-run marginal cost functionmc 3 6q 3q2where k
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