eco discussions
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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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