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a. State at least four assumptions of a perfectly competitive, monopoly, oligopoly and monopolistically competitive market structures.
2. b. Describe the two sources of inefficiency for a monopolistically competitive firm in the long run and provide a diagram to support your explanation.
2. c. List and explain the factors that can lead to a monopoly.
From the two readings, summarize how entrepreneurship impacts economic growth. Please keep in mind that the Bureau of labor Statistics information only goes to 2010 while the Kauffman research includes mush more recent data.
Compare the effects of sanctions on the global economies of North Korea and Cuba. Choose a time frame and determine how policies, currencies, tariffs.
According to Shaw and Barry, deciding what sort of economic arrangements would best promote human happiness requires the utilitarian to consider many things.
Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -2.5. The marginal cost of producing the product.
Depict Fran's budget constraint under each of the two plans, with the number of phone calls (good x) in the horizontal axis and the composite good
Summary of the news story and explain how it relates to the material
You should now find a press release from the Board of Governors of the Federal Reserve System, dated December 16, 2009, which discusses the decisions of the Federal Open Market Committee (FOMC) for that date
What price will be set in the market if a monopolist sets the price to maximize its profits - What is the marginal revenue product (MRP) of the second worker hired?
Write a paragraph (minimum) describing new concept(s), terms or ideas that you learned from this week's reading. For the purpose of this quiz, a submission must be at least 250 words. This answer can be written in first person.
Explain the difference among the seasonal, the frictional, the structural, and the cyclical forms of unemployment.
How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality?
Assume that a piece of property is purchased for $500,000. A 20% down payment is made and the rest is financed through a 30-year mortgage loan with a 5.25%.
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