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Compared to monopoly, perfect competition has ___ prices, ___ output and ___ barriers to entry.
a. higher-lower-higher
b. lower-greater-higher
c. lower-lower-lower
d. lower-greater-lower.
Business Economics, Economics
What is the role of local government leadership in assuring that departments and divisions work together to achieve municipal goals and objectives?
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You have to negotiate a contract with a businessperson from France. How will you approach them? How does the French communication pattern and listening habit differ from your own culture?
The United States appears at times to have a totally schizophrenic attitude toward protectionism. The United States was the country that proposed the establishment of the World Trade Organization as early as the late 194 ...
Think about a good or service for which you believe there has been a shift in demand or supply. Explain the reasons behind the shift and how that has influenced the equilibrium price.
Consider: C(y) = y^2+ 2y + 4. Many firms have access to this technology, in fact so many that there is not room for all to profitably operate in the industry. The market demand for the product is given by P = 30-Y , wher ...
A jewerly store paid a unit price of $250 less 40%, 16% , 8% for a shipment of designer watches. the store's overhead expenses are 65% of cost and the required profit is 55% of coat. a. What is the regular selling price ...
A company is to hire two new employees. They have prepared a final list of twelve candidates, all of whom are equally qualified. Of these twelve candidates, seven are women. If the company decides to select two persons r ...
Each of 30 teams in a league has a demand for generic advertising of Q = 260 - 4P. Price is measured in thousands of dollars. Ads cost $510,000 each. How many ads will the teams want to purchase as a group?
Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?
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