Explain about Market Structures briefly
Explain about Market Structures briefly.
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Market Structures:
• Economists are capable to analyze a smooth continuum of market structures along with monopoly on one end and perfect competition onto the other.
• Advertising and marketing campaigns to distinguish products in oligopolistic markets are planned to promote product homogeneity’s images.
• Monopolistic Competition of Monopolistically competitive firms are not allocatively capable since P>MC, if are productively efficient because economic profits equal zero within the long run.
• The results of pure and monopolistic competition be different primarily since monopolistic competitors sell differentiated products, when outputs of pure competitors are homogeneous.
Explain how the Circular Flow Model for a Market-Oriented System?
The key model underpinning David Hume’s price-specie flow mechanism which most mercantilists failed to grasp is termed today as: (i) the equimarginal principle. (ii) the wages-fund doctrine. (iii) the quantity theory of money. (iv) partial equil
Describe North American Free Trade Agreement (NAFTA)?
Critically evaluate: “In comparing the two equilibrium positions, it note that a larger amount is actually purchased at a higher price. This disprove the law of demand.”
What happens in the product markets?
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
Write short note on Demand?
Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Q : Describe Low financial leverage and low Describe briefly Low financial leverage, low operating leverage?
Describe briefly Low financial leverage, low operating leverage?
Favor laissez- faire economic policies tended by Adam Smith, who also: (w) saw the requirement for several state intervention. (x) believed there were no conditions in which the government must intervene. (y) supported most government
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