Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Examine pure competition, oligopolies, and monopolies from both the perspective of an entrepreneur as well as a consumer and answer the questions below:

A. List the level of price control in each market type in descending order (largest to smallest). Please include in your explanation the factors that give the firms in the market much or little control of price.

B. List ease of entry for new firms, in each market type, in descending order (hardest to easiest). Please include in your explanation the factors that limit or allow firms to enter the industry in each market type.

C. As an entrepreneur, typically, which market would you prefer in the long-run? Explain your answer.

D. As a consumer, typically, which market would you prefer? Explain your answer.

E. What is the long-run economic profit of a competitive firm? What happens if a competitive firm has an economic profit in the short-term?

F. Please explain how product differentiation might impact (or have no impact) on the profit of the firms in each market type.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91949727

Have any Question?


Related Questions in Business Economics

Suppose that the demand curve for a businesses is given by

Suppose that the demand curve for a businesses is given by P= 10000-4Q^3 and supply is P= 2000 + 4Q^3 a. Find the equilibrium price and quantity b. Calculate consumer surplus at the equilibrium price c. Calculate produce ...

State whether each of the following will increase decrease

State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...

Under what circumstances would lras and sras have the same

Under what circumstances would LRAS and SRAS have the same slope?

Suppose that coca-cola is currently paying a dividend of

Suppose that Coca-Cola is currently paying a dividend of $1.75 per share, the dividend is expected to grow at a rate of 5% per year, and the rate of return investors require to buy Coca-Cola's stock is 8%. Calculate the ...

Are there manufacturers and retailers who have taken steps

Are there manufacturers and retailers who have taken steps to reduce their pollution impact, both air quality and industrial pollution, while maintaining a viable place in the market?

Is the companys personality-harvesting method ethical why

Is the company's personality-"harvesting" method ethical? Why, or why not? Should people who attempt to answer the questionnaire be advised, ahead of time, that the data collected from those questionnaires will be used t ...

A school district is trying to estimate the proportion of

A school district is trying to estimate the proportion of students at the high school who would eat a school breakfast if the cafeteria were opened to students at 6 am. A new employer opened up within the district and th ...

A grocery store rewards card has a 7 digit number to

A grocery store rewards card has a 7 digit number to identify the user. The first digit must be 1 or 2. The remaining six digits take values randomly between 0 - 9 inclusively. What is the probability that the ID number ...

A sample of 100 randomly selected students found that the

A sample of 100 randomly selected students found that the proportion of students planning to travel home for Thanksgiving is 0.68. What is the Standard Deviation of the sampling distribution?

Consider the market for pizza in middleton ontario whose

Consider the market for pizza in Middleton, Ontario, whose demand and supply schedules are given in the table below. Price of Pizza ($) Quantity Demanded Quantity Supplied 10 0 6 9 1 5 8 2 4 7 3 3 6 4 2 5 5 1 4 6 0 3 7 0 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As