The following two tables are used in all the following questions. Thus, part of the following questions involve determining exactly what you need for…
September 3, 2020
suppose we define s1 and s2 as the saving rates in countries 1 and 2 respectively, d1=d2 as the depreciation rate in countries 1 and 2 respectively,
September 3, 2020

Managerial Economics

1. Comparing the four models of market structures, cite the limitations/drawbacks of each.

2. Why does the interdependence of firms play a major role in oligopoly but not in the other markets?

3. Discuss the changes that happen from short run to long run in both competitive and monopolistically competitive markets. Explain how this will affect the strategic decision of the firm, particularly in monopolistic competition.

Q1Pure or perfect competition is rare in the real world, but the model is important because it helpsanalyze industries with characteristics similar to pure competition. This model provides a…

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