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You will write an original post responding to the following prompt (worth 15 points) (1-2 paragraphs in length):
In the last post we described a market that was perfectly (or at least very) competitive. There are not a lot of examples of these types of markets as you all discovered. The majority of markets that exist today are somewhere between perfectly competitive and monopolistic markets.
For this post you will be choosing a firm and describing whether or not this firm is in a oligopolistic market or a monopolistically competitive market. You must describe why the market structure is what you claim it is, in this you should be describing the characteristics of the market structure and how the market that your firm resides in is consistent with the description of the market. What allows your firm to have monopoly power? What does this do to the price of the good that your firm sells? What about the quantity? Discuss these in comparison to what the prices and quantities produced would be if your firm was in a perfectly competitive market and monopolistic market.
we constructed in class the exponential function ex with the property that dexdx ex. we also defined lnx as the
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The task is to interpret the following article in the light of your understanding of supply and demand. Where possible you should illustrate your discussion of the changing situations with demand and/or supply curves, indicating values where app..
alternative methods for dealing with market failures that include direct regulation, incentive programs such as tax incentive programs and market incentive programs, and voluntary reductions. At issue, is whether government can successfully addres..
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two consumers justin and cindy of the same product have the following demand curves q1 500 - 10 p and q2 500 - 20 p.
1. part i draw a budget constraint and an indifference curve for an individual who works in period one and is retired
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prepare a three-page paper in apa style that describes 800 words explains addresses and answers the following.many
"we oppose a nationsl market for pollution rights, as this would put an undue burden on low-income households who would no longer be able to afford to drive cars or heat their homes. instead, we propose that large corporations be required to reduc..
Someone who lives in an apt. buys a Wayne Newton CD and then blasts it at full volume at 3am.
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