question archive The following questions are fairly open-ended
The following questions are fairly open-ended
Subject:EconomicsPrice: Bought3
The following questions are fairly open-ended. We have discussed cost structures in class, and we are looking for you to apply what you have learned to real-world data.
- Select a single news article that discusses a particular business. Provide a brief summary of this news article using your own words.
- You are free to select any business and news article of your choosing. For example, it could be an article which discusses a manufacturing company in your city.
- Describe the structure of the market that the company operates in, and relate what is discussed in the article to the concepts discussed in this course.
- For example, is the company in a perfectly competitive market? A monopoly market? How do you know?
3. For that company you have chosen, what would represent a fixed cost for them? What would represent a variable cost for them? Do you that this company will experience economies of scale in the long run?
