Briefly contrast how firms in a perfectly competitive
Briefly contrast how firms in a perfectly competitive market will respond to long-run profits and losses. Include an explanation of each response affects the price level
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1 does not count in gdp numbers until the final product is sold2 this is used to change variables from nominal to real3
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consider an economy described by the following equations y cig y 5000 g 1000 t 1000 c 250 075y-t i 1000 -50rin this
briefly contrast how firms in a perfectly competitive market will respond to long-run profits and losses include an
in 2014 in a country with a labor force of 100 million 6 million people were unemployed in 2014 the number of
briefly explain regulation in the case of a natural monopoly provide 3 common examples of regulation briefly discuss
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define the marginal revenue product mrpl and the marginal cost mcl of labor explain why the condition mrpl mcl is
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