**Please note that this unit’s discussion board question is about NATURAL monopolies. They are a bit different from MARKET monopolies and it’s important that you make it clear that you understand the difference. <**Also, be sure to cite your material and list at least one reference, per APA formatting guidelines. Here is a sample citation… Continue reading < ** be formatted in times new roman,12-point, black font, and
**In this assignment, you will demonstrate your understanding of how supply and demand differ between monopolies and perfectly competitive markets and how these two markets determine the quantity supplied and market prices. You will also provide explanations of how the price effect and the quantity effect cause marginal revenue to be different from the price.… Continue reading < * be double-spaced,
*Examine how changes in the cost of production affect the pricing and production quantity decisions of a firm in a perfectly competitive market. *Apply critical thinking to use principles of sound reasoning. Insert your answers in the appropriate space provided for the question. Your answers should: *follow the current APA format with citations to your… Continue reading * be double-spaced,
to develop a 2–3 page paper on Economic Principles – Microeconomics in which you: <Choose an industry that interests you. (Remember, an industry is not a company. An industry is a group of companies doing the same thing. Ford is a company. Automobile manufacturing is an industry.) <Do research on your industry. In a few… Continue reading <be sure to write in your own words.
Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really important, ie. gasoline?
Write an essay describing the differences between socialism, communism, and free market economies? What are the disadvantages and advantages of each? <minimum of 800 words.