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Help needed! ECONOMICS PROFESSIONALS TO RESPOND ONLY!Now that you have learned about various industry structures, think about a pure monopoly, monopolistic competition, and oligopoly from the economic and then from a consumer perspective. Then, post a response to the following:PART 1- PERSPECTIVES ON INDUSTRY STRUCTURES1. As a consumer, what are the advantages and disadvantages of each of these industry structures?2. To an economy, what are the advantages and disadvantages of each of these industry structures? Do private and social interests coincide under these industry structures? Give examples to support your reasoning.PART 2 - THE END OF MONOPOLYYou have read about pure monopoly as an industry structure and the factors that contribute to the creation of a monopoly. Think of two examples of pure monopoly in the real world-one of a public good and one of a private good. Then, with reference to both examples, post a response to the following:1.Can both monopolies continue endlessly? Why or why not for each example?2.What factors could cause the monopolies to end? Is there a difference between
Let us assume you and ten of your friends are going to open and invest in a business. You do not want to pay double taxation on the profits. You want a type of ownership where profits must be distributed based on how much each person has invested ..
What is average productivity? What is marginal productivity? Explain the relationship between average and marginal productivity. What would happen to average and marginal productivity if a technological innovation were introduced to the production..
If you had a business exporting goods to Britain, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why?
Determine the profit-maximizing average monthly production capacity for DermaPlus for each of the possible reference-based prices identified by the consultant. Estimate the expected monthly profit in each case.
What are the facotrs involved? What were the circumstances? How was the dilemma handled? What were the consequences?
When a firm is no longer able to reduce its long run average cost by expanding, it has achieved its minimum efficient scale of production. legislation that benefits many individuals at the expense of a few is a natural ..
Suppose that the price of good X rises and the price of good Y falls in such a way that the consumer's new optimal consumption bundle lies on the same indifference curve as his old bundle. Graph this situation. Compare the quantities demanded be..
What appears to be the major constraint that the central banks used to determine the limits of the monetary injections into the economy? Did the United States use the same or different criteria?
Find the taxi firms profit maximizing or loss minimizing output level, Q. Calculate the monopolist's total profit. What is the monopolist's average profit?
"The laws of supply and demand andicate that higher prices are ineffective in reducing smoking. In particular, higher cigarettes prices willn reduce the demand for cigarettes. This reduction in demand will push the equilibrium.
How does industry-level price elasticity of demand shape the opportunities for making a profit in an industry? How does firm-level price elasticity of demand do it?
discuss how well each company meets your criteria. Also, rank the three companies based off this information and discuss which one is your top choice and why.
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