Question
At the beginning, you identified the healthcare industry, energy industry, financial industry, or a technology industry and a publicly-traded company to think about as part
At the beginning, you identified the healthcare industry, energy industry, financial industry, or a technology industry and a publicly-traded company to think about as part of your final project or other course work. Some of that analysis begins now.
For your industry/company what are the major goods and services markets (final products) & factor markets (production inputs and/or intermediate goods and services) that characterize their business?
Briefly offer some thoughts about what you feel are the major risks faced in both the final goods market, and the factor markets in which your industry/company participate.
Look up the definitions of Perfect Competition, Monopoly, Oligopoly and Monopolistic Competition. Based upon what you learn, which of these types of competition and market structure best describe your industry and/or company?
Which chart shows the effect of a decrease in income when both video games and e-books are normal goods? (a) A (b) B (d) D 24. Which chart shows the effects of a decrease in income when video games are an inferior good and e-books are a normal good? A (b) B (c) C (d) D 25. Which chart shows the effects of an increase in the price of video games when video games and e-books are substitutes but not perfect substitutes? (a) A (b) B (c) C D 26. Which chart in the figure shows the effects of an increase in the price of video games when video games and e-books are complements but not perfect complements? A (b) B (c) C (d) D
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