User Account

All Pages

What are the main characteristics of a perfectly competitive

Assignment Help Macroeconomics
Reference no: EM132879033 , Length: word count: 250

Question 1: What are the main characteristics of a perfectly competitive market that causes buyers and sellers to be price takers? Explain your answer.

Question 2: "The perfectly competitive model is not very useful for managers because very few markets in the U.S. economy are perfectly competitive." Do you agree with this statement? Explain.

Question 3: Regardless of whether you agree, 18 what lessons can managers learn by studying perfectly competitive markets?

  • 250 words

Reference no: EM132879033

Questions Cloud

Disney animation - john lasseter : Does the firing of John Lasseter from Disney Studios and the events leading up to his firing demonstrate the ethical use of power?
Provide examples of each type of data : Provide examples of each type of data and discuss some of the important criticisms of the forecasting ability of the leading economic indicators.
Compare the christian worldview with a secular worldview : Compare and contrast monopoly, monopolistic competition, perfect competition, and oligopoly. Compare the Christian worldview with a secular worldview
Key performance measures and the business culture : Business culture is the context in which the measures exist. They are bound to each other in terms of context and environment.
What are the main characteristics of a perfectly competitive : What are the main characteristics of a perfectly competitive market that causes buyers and sellers to be price takers? Explain your answer.
Motivate its employees through thecrisis it faced in 2000 : How do you think Xerox was able to motivate its employees through thecrisis it faced in 2000?
What are the biblical principles that apply to the business : What are the biblical principles that apply to this business? How do these support the economics of the business? Choose a business which you are familiar
Gross pay be for the biweekly pay period : If the employee was hired with only 3 days left of the pay period, what would their gross pay be for the biweekly pay period?
Raew analysis : There are a variety of tools available for organizations to use to assess process. In this assignment you will learn how to apply a tool to a process situation.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd