Select an industry that belongs to any one of the four market structures – perfect competition, monopoly, monopolistic competition or oligopoly. Explain why you think it belongs to your identified market structure based on the market characteristics number or firms, type of product, entry/exit barriers,  market power  Explain your reasoning and provide the rationale for your answer.    thank you!!!!

Q: How are you going to maximize a profit if the price is given as 3 – 25D?  A. Differentiate the price...

A: profit is the difference between total revenue and total cost.  Profit = Total revenue - Total cost....

Q: Suppose that a cookie factory in a competitive market fices the following revenues and costs: Quanti...

A: 1st part answer: Figure attached below show the profits computed at each level of quantity by deduct...

Q: 120 110 100 90 80 70 60 50 40 30 20 10 0 10 15 30 40 50 60

A: Ques 1) Tax creates a wedge between the price buyers pay and the price suppliers get. Here , before ...

Q: constant. nterest rate, r

A: The national bank for the United States-the Federal Reserve (the Fed)- is entrusted with keeping a p...

Q: Additional labor productivity would be equivalent to a) it is not equivalent any of the choices. b)...

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

Q: What methods can be used by the FED to influence interest rates? Are these methods effective?

A: Please find the answer below.

Q: a. Policy uncertainty after a political scandal in the White House leads to a fall in consumer confi...

A: IS curve: - IS curve shows different combinations of interest rate and the level of GDP where invest...

Q: Additional labor productivity would be equivalent to    a.marginal productivity of the worker.  b. e...

A: Additional labour productivity means how much addition is made to the total product when one additio...

Q: Consider the O-Ring model with LaTeX: N=2 tasks. Workers in-country LaTeX: R each have a skill, LaTe...

A: According to O - Ring model : So worker's skill in Latex R = q_R which is 3 times of P Workers's ski...

Q: Save if the inverse demand function for toasters is p = 85 - 2Q what is the consumer surplus if the ...

A:

Q: Suppose that nominal GDP was $9250000.00 in 2005 in Fairfax County Virginia. In 2015, nominal GDP wa...

A: Since you have asked a multi-part question and according to the policy, we can only solve the first ...

Q: 17. Unemployment of labour means that

A: To find : What is mean by unemployment of labour.

Q: 1. Assume that when the price of X decreases the consumption of Y remains the same. Draw the appropr...

A: If the price of X decreases but the consumption of Y remains the same, one possible scenario could b...

Q: Why has the government pumped billions into bank bailouts to prevent them from collapsing?

A: Bank bailouts refer to a situation when government or corporation injects funds into a bank that is ...

Q: of demand between palm oil and soy

A: Elasticity of demand = 0.103 Current price = 1480 $ New price = 1400 $ Old quantity = 10 Million ton...

Q: Given demand function of the orange market P = 133 - 4QD. You sell oranges at the price TK83. What ...

A: Total Revenue = P*QD Where QD is calculated at a given prices.

Q: Explain the shape of shortrun curves or derive the average long run curve from shortrun curve.

A: Because of diminishing returns, short-run cost curves tend to be U-shaped. At lower output levels, a...

Q: When the law of diminishing returns takes effect   a. a firm must always try to add the same amou...

A: The Law of diminishing returns is a short-run concept.  It states that in the short run, when one fa...

Q: What policies and institutions have been created to aid developing countries?

A: There is free entrepreneurship in a market economy protected by private property rights and laws. A ...

Q: Russia has raised the policy rate to 20%. Use a theory of exchange rate determination to explain the...

A: Exchange rate - The exchange tells us about the worth of the currency of one country in comparison t...

Q: What is general government final consumption reflecting in terms of GDP of a country? What it indica...

A: Below is the formula for GDP: GDP = C + I  + G + NXC =ConsumptionG = Government expenditureNX = Net ...

Q: Consider the market for CD players, illustrated in the figure to the right. Suppose there are networ...

A: There is a network externality in the market for CD players.  hence, the number of CD players demand...

Q: What are the possibilities that cause a change in the unemployment rate according to this table? Rel...

A: The possibilities that cause a change in the unemployment rate according to the table given in the q...

Q: In the past Christmas season, the roast suckling pig market was impacted by a large number of buyers...

A: Here, it is given that the market of roast suckling pig was affected by the buyers in the past Chris...

Q: MONOPOLISTIC PERFECT MONOPOLY MONOPSONY OLIGOPOLY OLIGOPSONY COMPETITION COMPETITION MEANING/ DESCRI...

A:   Monopoly Monopolistic Competition Monopsony Perfect Competition Oligopoly Oligopsony Meaning/Des...

Q: The model of aggregate demand/aggregate supply... A) Identifies the potential GDP and price level a...

A: The answer is - B) Identifies the equilibrium GDP and price level as well as the gap between the equ...

Q: 19. Normal profit is A. O Part of total cost B. O Part of economic profit C. O Total revenue minus t...

A: When the total revenues of the firm tend to exceed the total costs of a firm, then the business is k...

Q: rice evel price level AS AS2 P2 AS, P, `AD2 `AD, `AD, Y, Y, real GDP real GDP iven this belief, whic...

A: In economics, deflation is a decrease in the general price level of goods and services. Deflation oc...

Q: assume that the price levels for a product is :[11,9,7,4,2], then create a table showing the Qd and ...

A: We have to construct an demand and supply schedule for given price.  

Q: Is there a trade-off between keeping things at numerous places across various areas and sending prod...

A: Trade-offs when there are the goods and services, that are not available at a distant place and ther...

Q: .If the economy wants to decrease private sector's investment spending,

A: The correct answer is b) the government must increase its spending.  

Q: .In a typical demand schedule, quantity demanded

A: To find : What quantity scheduled. 

Q: Hilary is a skilled toy maker who is able to produce both trucks and kites. She has 8 hours a day to...

A: Introduction Production possibility curve  shows the production possibility of two goods when the re...

Q: method when the price of the pizza falls from $ 10 to $9, what is the percentage change in price?

A: To find : What is the percentage change in price. 

Q: Demand and supply microanalysis about Economic graphs?

A: To find : What is demand and supply in economics. 

Q: The price of widgets has decreased from $6 to $5, causing the quantity demanded to increase from 300...

A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in de...

Q: Using the graph calculate the consumer surplus, producer surplus, and total surplus

A: Below is the diagram:

Q: . Distinguish between nominal GDP and real GDP?

A: Since you have provided multiple questions, we will solve the first question for you. If you want an...

Q: 5. The shape of rectangular hyperbola is made by

A: To find : Shape of rectangular hyperbola 

Q: A Company manufactures and sells one product. The product has the following cost and revenue data Se...

A: Advertising elasticity of demand (AED) is a measure of a market's sensitivity to increases or decrea...

Q: pro nas Y UGlars tO sper UP JO two periods. Let c denote the amount of consumption that the individu...

A: In period 1 : Budget Constraint : P1c1 + S1 = Y  Where , S1 are savings , P1c1 is income spent on co...

Q: Minimum Actual Price Ассеptable Price (Equilibrium Price) $ 17 Producer A $ 6 17 6. 17 03 D. 11 17 E...

A: Producer surplus is the difference between market price and minimum price sellers are willing to acc...

Q: The labour force participation rate is the Proportion of population that is working

A: To find : What is labor force participation 

Q: Peter Scents has been given two competing offers for short-term financing. Both offers are for borro...

A: A loan can be taken as either a discount loan or an interest-payment loan where discount loan provid...

Q: You are given the following information about an economy: ...

A: GNP at market price = (GDP at market price - Income Payments to Foreigners + Factor Payments from Ab...

Q: Which of the following is an objective of dumping?

A: The basic objective of dumping is to increase the market share in a foreign market by driving out co...

Q: Activity 2.2 : COMPLETE ME Complete the table below by supplying it with products that you consider ...

A: When it comes to shopping for items, consumers frequently have a variety of options. Price changes i...

Q: Table 6.3 SBillions t of Compensation of employees Proprietors' income Corporate profit Net interest...

A: The answer is - a. cannot be calculated given the information in Table 6.3

Q: The supply of apples in Canada is made up of Canadian grown apples and imported apples. Initially, C...

A: Introduction Its answer is a) In the diagram, it has clearly shown that initial equilibrium where de...

Q: $10 Tatal $25 24 21 16 • I2J 4 $678 10 Ouantity Please, select the three (3) right answers: O At eac...

A: Law of demand states that there exists inverse relationship between price and quantity demanded, kee...