SophiaPretty

(5)

$14/per page/Negotiable

About SophiaPretty

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 304 Weeks Ago, 6 Days Ago
Questions Answered: 15833
Tutorials Posted: 15827

Education

  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

Experience

  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Business & Finance Posted 07 Aug 2017 My Price 5.00

I don't need this done with "super fancy/big" wording, etc.

SM16 Micro Online                          Name:__________________________________

Answer the following 3 questions in detail. You can use examples from quizzes, the book, powerpoints, etc. But you must work through the math and devise the explanations that go along with the math.

For example, you may copy a graph that has numbers already on it, but you should show your work for calculations using those numbers.

You may type your explanations, but all answers should include hand-written portions. Graphs must be handwritten.All math and graphs should be accompanied by an explanation. Be thorough in your response. Attach extra pages as necessary. Please be neat.

 

1. Explain why when producers have fewer competitors consumers tend to be worse off. How do economist quantify these losses? How do different levels of competition affect consumers?

 

 

2. Explain how the long run equilibrium differs for perfect competition, monopolistic competition, and monopoly markets.

 

 

3. Why are economists often skeptical of conspiracies (e.g., cartels)? Show an example of a game where participants in the conspiracy have an incentive to cheat on each other. How does competition and profit maximization prevent many conspiracies from being successful?

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SophiaPretty
(5)
Status NEW Posted 07 Aug 2017 12:08 PM My Price 5.00

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