[Answered] ECON312N -Week 4 Discussion: Market Concentration of Firms and the Determination of Price and Output

Course  ECON312N Principles Of Economics Required Resources Read/review the following resources for this activity: Textbook: Chapter 9, 10 Lesson Minimum of 1 scholarly source (in addition to the textbook) Initial Post Instructions Consider the following statement: Firms in the healthcare industry do not seem to have features of a perfectly competitive market structure and, therefore, must not be classified as such. Those firms fall somewhere within the continuum f...
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[Answered] ECON312N -Week 3 Assignment: Essay – Competitive Market Structure

Course  ECON312N Principles Of Economics Required Resources Read/review the following resources for this activity: Textbook: Chapter 7, 8 Lesson Minimum of 2 scholarly sources (other than the textbook and article noted in the instructions/references) Instructions For the assignment, address the following: List and briefly explain the features of a perfectly competitive market structure. How do firms in a perfectly competitive market determine price and profit-...
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[Answered] ECON312N -Week 3 Discussion: Concepts of Cost Structures under Perfect Competition

Course  ECON312N Principles Of Economics Required Resources Read/review the following resources for this activity: Textbook: Chapter 7, 8 Lesson 1 news article Minimum of 1 scholarly source (in addition to the textbook) Initial Post Instructions For the initial post, address the following: Locate a news article discussing a social services business failure or closure. Using the concepts in the lesson and Chapter 7, identify the root causes for the failure, exa...
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[Answered] ECON312N -Week 2 Mini Presentation: Supply and Demand

Course  ECON312N Principles Of Economics Required Resources Read/review the following resources for this activity: Textbook: Chapter 3, 4, 5 Lesson Link (website): Narrated PowerPoint Tutorial Minimum of 1 news article Introduction Select a product or service provided in any industry. In a narrated PowerPoint presentation, address the following: Identify the current market equilibrium price. Examine how the information in the news article will change the ma...
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[Answered] ECON312N Week 2 Discussion: Demand, Supply, and Market Equilibrium for Labor and Wages

Course  ECON312N Principles Of Economics Required Resources Read/review the following resources for this activity: Textbook: Chapter 3, 4, 5 Lesson 1 source including local wage information (can be the BLS site) Minimum of 1 scholarly source (in addition to the textbook) Optional Resource Link (website): Bureau of Labor Statistics: Occupational Employment StatisticsLinks to an external site. Introduction Research the local job market including the wage for ...
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[Answered] ECON312N- Week 1 Assignment: Essay – Scarcity -All Options

Course  ECON312N Principles Of Economics Required Resources Read/review the following resources for this activity: Textbook: Chapter 2 Lesson. Minimum of 2 scholarly sources Instructions Scarcity effects access to all products and services. Select for one of the following options for your topic and write an essay addressing all noted requirements: Option 1: The Colorado River Compact allocates Colorado River water among eight states and Mexico. When the compact w...
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[Answered] ECON312N- Week 1 Discussion: Scarcity or the Invisible Hand

Course  ECON312N Principles Of Economics Required Resources Read/review the following resources for this activity: Textbook: Chapter 1, 2 Lesson Minimum of 1 scholarly source (in addition to the textbook) Introduction Select and respond to one of the following options: Option 1: What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world? Do these conditions hold in the social servic...
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