Why the assumption of imperfect competition is necessary

Assignment Help Microeconomics

Reference no: EM13180440

(a) Explain why the assumption of imperfect competition is necessary for endogenous growth models.

(b) How might well enforced intellectual property rights actually lead to divergence rather than convergence?

Reference no: EM13180440

Questions Cloud

Prepare first on alert''s bank reconciliation at december 31 : The bank statement also shows a $30 service charge and $20 of interest revenue that First on Alert earned on its bank balance.

How much money can it spend if an acceptable variance is 5% : How much money can it spend if an acceptable variance is 5% of its budgeted amount? (even though the correct answer would contain less than/equal to, use the less than sign--the system will not accept the less than, equal to sign).

Compute the average o-f bond energy : Calculate the average O-F bond energy given the following average bond energies: O=O 498 kJ/mol F-F 159 kJ/mol

In regard to literary adaptations : In regard to literary adaptations, authors whose books are adapted under a partnership agreement with a movie production company have ________ influence on choosing screenwriters and even actors.

Why the assumption of imperfect competition is necessary : Explain why the assumption of imperfect competition is necessary for endogenous growth models. How might well enforced intellectual property rights actually lead to divergence rather than convergence?

Find the variance for the given data : Find the variance for the given data. Round your answer to one more decimal place than the original data.

Explain what is the empirical formula of the sample : shown to contain 12.518 g silver, 0.6970 g carbon, and 2.786 g oxygen. What is the empirical formula of the sample?

What is amount of deadweight weight loss : Suppose per unit tax, T is imposed on buyers. Then what is the equilibrium quantity and equilibrium price? Now, assume T=30, then what will be equilibrium price and quantity. (Hint: use P is the price producer receives, and P+T is price paid by th..

Find the equation for the line that passes through : find the equation for the line that passes through the point (-2,-5) that is parallel to the line with the equation y=3/4x+8.

User Account

All Pages