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Discussion Monopolistic Competition

Question # 00573890
Subject: Economics
Due on: 08/11/2017
Posted On: 08/11/2017 01:40 PM

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Discussion Monopolistic Competition:

Suppose you manage a local grocery store, and you learn that a very popular national grocery chain is about to open a store just a few miles away. Use the model of monopolistic competition to analyze the impact of this new store on the quantity of output your store should produce (Q) and the price your store should charge (P). What will happen to your profits? Please show graphically and explain your reasoning in detail. For example, how and why do profits change? How can that be seen on the graph?

What could you do to defend your market share against the new store?

Discussion Income Distribution:

How would you define income inequality? How is income inequality measured? What has happened to income inequality in the United States since the end of the Second World War in 1945? What evidence can you provide to support your answer? What are the reasons for the changes in income inequality since 1945.

Suggestion: Click here to visit the Web site for the documentary film Inequality for All. The site enables you to rent or purchase the film, if you choose. Or you can click on “Graphics Package” to download a free copy of informative graphics from the film. Take a look at those. Summarize what you learn, and share your thoughts.

Tags competition monopolistic discuion store inequality film income learn graphics 0 click site incomeinequality monopolistic share grocery competition answer discuion evidence youprovide support define second reasons measured happened unitedstates world thedocumentary copy afree download

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Discussion Monopolistic Competition

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