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As judged by strict conformity to the institutional characteristics. Pure competition is relatively rare. a. Then why study it? b. Give two example of industries that closely fit this category of market structures and briefly indicate how they fit these characteristics.
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, elucidate how would this change incentive structure facing deposit theory institutions.
The German Consumer Price Index was 121 in 2010, and it was 87 in 1998. If you put aside $8,014 in 1998, then how much would you need in 2010 to buy what you could have bought with the $8,014 in 1998?
Using the II-XX framework below, show using a figure that fiscal policies by themselves cannot bring the economy to both internal and external balances. Do start with an economy at Point 2 (you will have to address devaluation). A close to complete a..
A car may be purchased with a $3500 down payment now and 72 monthly payments of $480. If the interest rate is 12% compounded monthly, what is the price of the car? using linear interpolation, determine the value of (P/A, 6 1/4%,10) from the compound ..
In an interview with Daron Acemoglu, he says "the hot money which was floating through Turkey has stopped after FED's declaration that we are going to give much more attention on monetary policy". Basically I know some fundamental things like monetar..
In contrast to a socialist economic organization, how would a capitalist system differ. Consider who owns capital (means of production) in two models.
Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short..
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge t..
The title Where Angels Fear to Tread is taken from Alexander Pope’s An Essay on Criticism. What is the full quotation and what does it mean? How does this phrase describe the events that take place in this novel? Is this a good title for the novel? W..
Calculate the inventory value of the units unsold in the has well as of the consignee.
What are the optimal penal codes if there are two firms, competition is Bertrand, marginal costs are equal, and capacity is unlimited? Explain why a firm might prefer a meet-or-release MCC to a no-release MCC.
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