Describe the difference in economic profit
Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run? Which should take longer to reach long-run equilibrium.
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Students will construct a well-diversified portfolio using an initial investment stake of $50,000 (the portfolio should use 95% of the fund, but they may not use more than $50,000).
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Calculate the ratio of the drag force on a passenger jet flying with a speed of 1100 km/h at an altitude of 10 km to the drag force on a prop-driven transport flying at two-thirds the speed and half the altitude of the jet.
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