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Terms and concepts in economics for managers

Assignment Help Business Economics
Reference no: EM131381435

Purpose

To assess your ability to discuss topics, terms and concepts in Economics for Managers.

Action Items

Reflect on the following questions:

  • Consider firms in industries you are familiar with. Are firms in such industries price takers or price-setters? How much control do they have over the prices they charge? (150 words)
  • As an economy develops and becomes more integrated into the world economy how do its costs of production change and how well can they be managed both in the short-run and long-run? (150 words)
  • How important to economic growth is the constraint of market power through antitrust legislation? How much market power is too much for a firm to enjoy? How is market power best measured? (150 words)

Reference no: EM131381435

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