Explain market equilibrium under monopolistic competition
Explain market equilibrium under monopolistic competition. why does price charged by typical firm exceed minimum average cost, even though other firms may enter market?
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Jafri wishes to accumulate $2 million. His money market fund has a balance of $184,592 and has a guaranteed interest rate of 10%. How many years must Jafri leave that balance in the fund in order to get his desired $2,000,000?
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Hoang, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on a 10% basis that will enable him to withdraw $60,000 per year on June 30, beginning in 2018 and continuing through 2021.
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