eco discussions

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college student so please use a college student vocabulary

not high school or master

each discussion writes a few sentences

Week 8 Discussion(s)

Why do we say that, in the long run, perfectly or purely competitive firms are both production and allocative efficient?

Week 9 Discussion(s)

Week 9 Discussion(s)

Why would the Monopolist NOT produce an output where the demand is inelastic? (HINT: what will happen to Marginal Revenue?)

Week 10 Discussion(s)

Week 10 Discussion(s)

Why do we say that the Monopolistic Competitive Firm is inefficient in the long-run?

Week 11 Discussion(s)

Week 11 Discussion(s)

Explain why an Oligopolist may have a ‘price-match’ pricing strategy.

Week 12 Discussion(s)

Week 12 Discussion(s)

Why are financial transactions excluded from GDP?

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