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Write a five paragraph essay on the following:
Pure competition, Oligopoly, Pure monopoly, monopolistic competition. Describe each and give an example.
The management of Clean Corporation is concerned about the growing demand on the part of investors and the public in general for environmental disclosures in annual reports. In your opinion are environmental disclosures in company annual reports nece..
Many economists agree that government should deal with monopolists on a case-by-case basis. Policy options include the following, except:
Excise tax is collected from fishermen, who protest that y alone are bearing burden of this policy. Why might this protest be misguided.
One year ago a machine was purchased at a cost of $2,000, to be useful for five (5) years. However the machine failed to perform properly and has cost $200 per month for repairs, adjustments, and shut-downs. A new machine designed to perform the func..
Suppose you are in charge of monetary policy. Assume your goals are a full employment level of production with price stability. Assume further the economy has excess capacity with unemployment at 7.8% (the natural rate is 5.2%), but you are concerned..
List and explain the characteristics of oligopoly and compare them to the characteristics of the other 3 market structures. i. The oligopoly market structure is one of the most significant types in our economy. Please discuss the oligopoly market str..
Determine the Stackelberg equilibrium with 1 leader firm and n follower firms if the market demand curve is linear and each firm faces a constant marginal cost, m, and no fixed cost.
q1. assume that a doctor who lives alone hires the services of a maid also pays her 15000 a year to clean his house.
Discuss which of the following activities will contribute in the U.S. GDP. Support your responses with appropriate rationale. A grey market includes distribution channels, which are legal but are unofficial,unauthorized, or unintended by the original..
The HRB Corporation is the world’s only manufacturer of air filters for Zamboni engines. Last year, HRB charged $20 per filter and sold 1 million of them, and it paid all of its production workers $10 per hour. What was the workers’ marginal product ..
One of the fans at this game believes in the Law of Small Numbers. She has the wrong model of how likely Curry is to make a basket. Here’s how her model works. The fan imagines that there is a deck of 4 cards. When Paul is Hot, 3 of these cards say “..
Recent concerns about global warming have lead firms to expect a higher depreciation of their capital in the future and households to expect lower levels of future income. Explain, with the help of a graph, what happens to a firm’s desired level of f..
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