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Subject:
Question:What market structure has a TR that is equal to the 45 degree line?
-pure
-
-monopolistic
-oligopoly
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- Question 1 With the aid of a diagram explain how a monopolist determines how much output to produce and what price to charge. a) Explain how the perfectly competitive firm decides whether to operate or shut down in the short run. b) Explain why firms operating in monopolistically competitive markets probably will not earn an economic profit in the long run. c) Why does interdependence of firms play a major role in oligopoly but not in perfect competition or monopolistic competition?|Types of products in: 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that supplies Hi-tech components. Use the graph to answer the questions that follow. "image" i. State the elasticity of the monopoly firm demand curve. ii. Considering the figure, examine the benefits of the characteristics of themonopoly demand curve to ABC Inc. Ltd. iii. Suppose the demand and cost curves result in ABC Inc. Ltd earning aneconomic profit. Do you think ABC Inc. Ltd firm will earn profit in the longrun? Explain your answer. Assume all factors constant. iv. Examine the effects of ABC Inc. Ltd on consumers.
- Style Question 4: (a) Compare and contrast monopoly and perfect competition market structures in the Long-run. Click or tap here to enter text. (b) Discuss the advantages and disadvantages of these two markets structures? Would a monopolist increase society's economic welfare? Click or tap here to enter text.Question 1a. With the aid of a diagram explain how a monopolist determines how muchoutput to produce and what price to charge. [4 marks]b. Explain how the perfectly competitive firm decides whether to operate or shutdown in the short run. [4 marks]c. Explain why firms operating in monopolistically competitive markets probablywill not earn an economic profit in the long run. [4 marks]d. Why does interdependence of firms play a major role in oligopoly but not inperfect competition or monopolistic competition? [4 marks]Question 2: Monopolistic and Oligopoly firms Question 1 Use the graph below to explain the output, profit and loss conditions for monopolistically competitive firms. Show your work where appropriate in reference to the Graph. Firm Lan T-shirt monopolistic competitive firm With examples, examine the barriers to business entry for imperfect competition firms 1 HI5003 Economics for Business: First Tutorial Submission Question, T1 2020 Assessment Question Week 8: Marco-economics: Measuring the size of the economy Question 2 The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow. Goodland Economy 2013 and 2018 Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is necessary to calculate real GDP. Show your work. Assessment Question…
- i A monopoly can be identified by a few traits that distinguish it from other market systems. Identify the reasons a monopoly firm sets prices in microeconomics. ii. Monopolistic opponents said that the monopoly power would have a negative social impact. Tell us why. iii Describe THREE (3) qualities or conditions of the perfectly Competitive market structure. A perfectly competitive market has the opposite characteristics or conditions from a monopolistic market.Question 1a. How is monopolistic competition like monopoly, perfect competition andoligopoly? b. Give two examples of price discrimination. In each case, explain why themonopolist chooses to follow this business strategy c. Why does price equal marginal revenue for the perfectly competitive firm?What is the relationship to the demand curve for the firm?3rd question Which of the following statements are true about BOTH monopolistic competition AND monopolies? Check all that apply a) price is above marginal cost b) firms can earn positive profit in the long run c) firms earn zero profit in the long run d) firms are not price takers
- Question 1a. With the aid of a diagram explain how a monopolist determines how much output to produce and what price to charge. b. Explain how the perfectly competitive firm decides whether to operate or shut down in the short run. c. Explain why firms operating in monopolistically competitive markets probably will not earn an economic profit in the long run. d. Why does interdependence of firms play a major role in oligopoly but not in perfect competition or monopolistic competition? Question 2a. A producer borrows money and starts a business. He himself looks after the business. Identify implicit and explicit costs from this information. Explain. b. List and explain which of the following is a fixed cost or a variable cost for Caribbean Airlines. i. The cost of fuel used in its planes. ii. The rent on its Piarco headquarters. iii. The lease payments on its current inventory of jets. iv. The cost of peanuts it serves to passengers. v. The salary paid to the Chief Executive Officer. c.…Identify a monopoly, oligopoly, and monopolistically competitive firm. Explain your reasoning to the market characteristicsQUESTION SEVEN-economics(a) With well-explained examples, differentiate between Monopolyand monopolistic market structures(b) With the help of a neat and clean diagram, discuss the differencebetween change in demand and change in quantitydemanded of the firm product No chatgpt or any AI Answer No hand written solution plz