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Economics Indicate if the following questions are True or False. Explain “Why” your answer is True or False. 1. Firms exist to produce and sell as much as possible. Why? 2. Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why? 3. For a […]
Choose a real-life example of an oligopolistic market structure in the U.S. Identify how your firm has been impacted by our macroeconomy. Determine if your firm was dependent on the federal government for a bailout and/or restructuring. Describe the factors your chosen firm has taken to avoid market failure at a macro-level. Examine how your […]
Address the questions below. Fortnite sued Apple for abusing of its market powers by forcing its user to utilize Apple’s own payment platform. Do you think Fortnite has a point here? Should activities of huge companies with oligopolistic or even monopolistic power be regulated and restricted? Coalition for a Safer Web is suing Apple for […]
