ECO 204 Week 5 Final Paper 1, Importance of Economic Market Structure
ECO 204 Week 5 Final Paper 2, Market Structures
The term market structure can be used to describe how the industries in a local region or country are organized. Perfect competition, Oligopoly, Monopolistic Competition, and Monopoly are the four types according to (O’Connor, 2004). They are only different in class by the number of firms involved, the kind of products, the barriers to entry or exit, and the power of the market and the amount of intervention from the government………..
ECO 204 Discussion 1, Transfers
Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective? Respond to at least two of your classmates.
ECO 204 Discussion 2, Tariffs and Quotas
Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize?