Characteristics of perfect competition market structure
What type of demand curve does a perfectly competitive firm face? Why? What are the characteristics of perfect competition market structure? Give examples.
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Suppose an economy is hit by an adverse oil shock. Use the labor market and the production function to predict the effects on employment, real wages, unemployment, and real output.
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At December 31, 2004, the fair value of the securities was $355,000. What should Quinn report on its 2004 income statement as a result of the increase in fair value of the investments in 2004?
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