+1 (347) 474-1028 info@essayparlour.com

These questions are about Chapter 16-22 in Principles of M..

Paper help Economics These questions are about Chapter 16-22 in Principles of M..

Economics

These questions are about Chapter 16-22 in Principles of M..

These questions are about Chapter 16-22 in Principles of M… Show more Can I get answers about these questions?? These questions are about Chapter 16-22 in Principles of Microecnomics sixth editon. Monopolistic competition · What makes a market monopolistically competitive? · How do monopolistically competitive firms decide how much to produce and what price to set? · How to monopolistically competitive firms make short-run and long-run choices? · What is the role of advertising? Oligopoly and Game Theory · What is the prisoner’s dilemma and what are some applications? · What is collusion and why is it difficult? What are some things that can make it harder or easier to collude? · What is a dominant strategy? · How can you find a Nash equilibrium in a game where a player has a dominant strategy? Markets for Factors of Production · How do profit maximizing firms decide how much of a factor of production (such as labor) to use? In other words what is the demand for factors of production? · What changes the demand for factors of production? · What determines the supply for labor? Supply for other factors of production? · How are the rental prices and wages determined in a competitive market for factors of production? Earnings and Discrimination · What are some reasons why different people have different labor earnings? · What are some difficulties in measuring discrimination? · Why might firms that discriminate have difficulty competing? · Why might a firm find it profitable to discriminate? Income Inequality and Poverty · What are some political philosophies regarding what the government should do to decrease poverty or income inequality? · What are some policies that can reduce poverty? What are the strengths and weaknesses of these policies? Consumer Choice · What is the consumers budget constraint? · How does a consumer choose how much of different goods to consume? · What are the income and substitution effects? · How does the demand curve relate to the consumer choice problem? · How does the consumer choice problem relate to labor supply and borrowing/lending behavior? Asymmetric Information and Healthcare · What is moral hazard? · What is adverse selection? · How do these two concepts relate to the market for insurance and healthcare? · How do insurance companies try to deal with adverse selection and moral hazard? • Show less

Order Now

Ready to try a high quality writing service? Get a discount here