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In the long run, there will be no unexploited scale economies (excess capacity) in
A-competitive markets
B-monopolistically competitive markets
C-oligopoly markets
D-monopoly markets
Which of the following is most likely to happen in the short run?
If the economy's output is initially above full employment and if prices are rising, which of the following policy combinations could restore full employment and keep the exchange rate at the same level? Contractionary monetary policy and expansionar..
q.start at the original correct equilibrium cost and quantity in part a. assume which the government wishes to decrease
What does mean that in microeconomics?
Firms A and B make up a cartel that monopolizes the market for a scarce natural resource. The firms’ marginal costs are MCa = 6+2Qa and MCb = 18+Qb respectively. The firms seek to maximize the cartel’s total profit. The firms have decided to limit th..
Your friend's monthly demand for minutes of calling is given by the equation 50, where p is the price of a minute.
Explain why does a newspaper dispenser open to a stack of newspaper and essentially "trusts" a consumer to take just one copy.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
What is a basic summary of the Pickens plan (Oilman T. Boone Pickens )? Using the supply-and-demand model explain how Pickens' plan would affect the global price of oil if it were to be successfully implemented.
Illustrate what is James' opportunity cost of producing chickens. Which person has an absolute advantage in which activities.
Graph the production possibilities frontier over one day for this restaurant. In the graph, you must identify the points where transfer of a worker from one job to another starts to take place, by showing the coordinates of the points.
a technology is invented that makes labor and capital perfect one to one substitutes in the production of mint
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