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1. What are the four different types of market structures? 2. In two or more sentences provide at least 3 or more characteristics that separate a perfectly competitive market structure from a monopolistic market structure? 3. Which type of market structure has differentiated goods and services? 4. Identify at least one market structure that is […]
• Find a news article on the Internet that describes a shift in the supply curve or in the demand curve.
Homework #4 (8 points) Show the derivation of a demand curve from the underlying fundamentals of consumers solving their problem. In other words, show a budget constraint and indifference curve that shows a consumer solving his problem. Then change the price of good 1 (either decrease or increase it) and show the new amount […]
