State and explain the assumptions for the Perfectly Competitive Model. Do the same for a Simple Monopolist.?
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The following sites give the answer:\n\nhttp://en.wikipedia.org/wiki/Perfect_competition\nhttp://instruct1.cit.cornell.edu/courses/ha191/slides/monopoly.ppt
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Agricultural policy decision making in economies undergoing transition to market is in need of empirical tools for assessing the impact of alternative policy options. The econometric means available for such exercise, however, are limited for lack of data and structural breaks in economic behaviour. Synthetic, partial equilibrium, multi-market models offer a potential alternative. Such models have been used extensively, even in advanced economies, to offer valuable insights on the impact of alternative policy options. This paper shows the use of such a partial equilibrium, multi-market, synthetic-type model as a tool for agricultural policy analysis in a country in transition. The model is applied for Albania, a predominantly agricultural country that, after a period of centralism and autarky, aims to re-join the international economic system. The model, albeit its many limitations, offers some useful insights on the impact of alternative options available for agricultural price and trade policy.\n\nalso u might wanna check out this site for further info:\nhttp://ideas.repec.org/a/kap/ecopln/v32y1999i2p103-27.html
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:equation when thing equally=0 \nEx:the proportion of negative=positive advantage & disadvantage copensated in its own value of property.anymore question??
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Make this into a equation\nit takes $20 + $0.50 x (x being the number of treats)\nThe second equation is 1.50x to get the profit\nnow you set them equal to each other and solve for the intersection point
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See p. 541 of Econometric Foundations by Mittelhammer, Judge and Miller.  Will be a bit tough to explain on Yahoo.  Actually, I don't like this book, but none of my other ones have this.
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the less is the joint market power of oligopolists, the stronger is competition btw them, the better for consumers. the best variant is bertrand or price competition which gives efficient outcome.
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tout à fait, il y a eu de grosse erreur d'arbitrage durant la compétition. Les décisions seront sans appel avec preuves à l'appui. La seule différence c'est qu'au foot, l'attente sera moins longue
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Monopolistic\nMonopolistic competition is a common market form. Many markets can be considered as monopolistically competitive, often including the markets for books, clothing, films and service industries in large cities.
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Not really.  The government has to regulate correctly.  If they don't put the price ceiling where it would be in perfect competition or at least lower than monopoly price, then it doesn't really do anything.  Even then, there might be some dead weight.  I don't remember fully.
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Wiki usually does a good job on explaining...\nhttp://www.ask.com/web?q=%20commodity%20markets
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Although you have 2 variables, 1 of them has a constraint - i.e. there is not an unlimited # of items per hour that can be boxed.\n\nIn your example, it's now costing you $1.80 per item. If, for example, the maximum (or optimum) # of items that could be boxed per hour was 100, then that cost is $0.18 per item. Paying $1.62 per box would be the break even point.\n\nTo analyze this further, you need to keep one of the variables constant and then look at the effect of the other variable.
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Free market works best in perfect market. But perfect market is not what capitalists are interested in since as the market moves towards perfection there is less and less of profits to be made. When the market is perfect, according economic theory, the revenues are just enough to cover all costs plue a reward to the entrepreneur just large enough to keep him from quitting the venture. But that is not really large enough. So powerful capitalists and businesses would like to skew the rules in their favor to make the market as imperfect as possible, so that they reap super profits. In the context of the free market therefore role of law is to ensure that the rules of game is just and fair and thus prevent the market from straying too far from the 'perfect'.\nIndia's laws have to go a long way to catch up with her market economy. Most laws are outdated or are simply ill-equipped to deal with the market. Many laws are biased almost by design in favour of big business. This bias is all the more stark when it comes to implementation of the laws. Good laws are bad laws when badly implemented. Most of our market is therefore heavily skewed, unregulated or ill-regulated.
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The competition become intense as the supply and demand graphs countinously fluctuate time over time. It depends how well you sells your products. The main thing here is.. To satisfy customer needs and wants. You must sell what they want and willing to buy and not what you want or what you willing to sell. Good Luck !.
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If you figure 'em out completely, you'll be richer than Bill G.\n\nEconomic law proves that when individuals act without barriers to exchange they bring about states of affairs more desirable to themselves than if they act with barriers to exchange. When the "free market" reduces the price of a commodity, what's really happening is that individual suppliers are reducing the prices of their goods in order to maximize their profits in the face of competition. When the "free market" increases the quality of a good, what's happening is that suppliers are making better products, in order to maximize profit in the face of competition. When the "free market" bankrupts one supplier and makes another a millionaire, what is really happening is that individual consumers chose to spend their money on the latter supplier's product, in order to maximize the utility of their money.\n..\nLet us then consider more closely the nature of economic laws, and their limitations. Every cause has a tendency to produce some definite result if nothing occurs to hinder it. Thus gravitation tends to make things fall to the ground: but when a balloon is full of gas lighter than air, the pressure of the air will make it rise in spite of the tendency of gravitation to make it fall. The law of gravitation states how any two things attract one another. how they tend to move towards one another, and will 'move towards one another if nothing interferes to prevent them. The law of gravitation is therefore a statement of tendencies.\n...\nLast link takes a while to get to the point, but generally 3 different views.  Nothing like comparing free market to Marxism.
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A market system is driven by supply and demand.  Price of goods is thus determined by the balance between supply of goods and the demand for those goods.  High supply with low demand creates a low price (think 'SALE!').  A low supply and high demand creates a high price (think heart transplants).  The pursuit of profit will always lead to the lowest price with the highest level of supply (this is called 'competition').\n\nBest wishes and good luck.
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Monopolists function by controlling an entire market.  There are many anti-monopoly laws, but they are not very effective.  Corporations are finding loopholes and ways around them all the time.
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This is a question out of macro economics (national economics) and this is discussed since 300 years.\n\nImagine a market as a square, on every corner you have one participant, they are: consumer/individuals, goverment/state/towns, companies, foreign trade (import and export of goods). Between this 4 corners is a flow of money: e.g. paid money for purchases, income for work, taxes and a "physical" stream (work hours, goods and services), so called "transfers" e.g. social security/welfare/, infrastructure (streets/schools/universities) and others. Try to write this on a paper.\n\nIn a perfect market economy (Adam Smith: Wealth of Nations) there is no regulation between the four corners, the market is called " the invisible hand" and on the longterm takes care of all and everything. This would be the perfect market economy. This is only a model, there are some conditions that this would work: Every aprticipants has perfect knowledge of the market conditions and all alternatives (you want the dress now not in 20 years) , would be able to shift demands depending on market conditions (but when you are hungry you have to eat), and and and ....\n\nThe other extreme is: all transactions are perfectly coordinated by one authority (with perfect knwoledge of everything at everytime): also not possible.\n\nBoth are "models" which do not exist in reality, all national economies are "mixed": they contain certain regulations. In a democracy this regulations are by law and law is made by the elected representatives (House and Senat). So the question is: howmuch regulation you create and what are the intentions and values behind your decision.\n\nIf you understand this you can play with the possible regulations and find pro's and con's.\n\nHere some regulations in the US:\n\nMinumum wage paid to workers\nWelfare/Negative Income Tax\nAnti-Trust Laws\nBuilding of streets \nSocial Security (paid from a certain age)\nUnemployment\nAffirmative action/Anti discrimination laws\nSubsidizing of e.g. certain areas of research (e.g. military)\n\n(The above list does not express any statement what my perosonal opinion about this is.)