WE WRITE CUSTOM ACADEMIC PAPERS

100% Original, Plagiarism Free, Tailored to your instructions

Order Now!

macroeconomics

macroeconomics
Use complete sentences with complete thoughts in Standard English. Please proofread your responses carefully. Remember to use in-text citations in addition to the references so I know from which source you got specific information. DO NOT COPY AND PASTE DIRECTLY FROM WEBSITES. Your responses should be in your own words to demonstrate your understanding of the material. The exception is stating definitions from the book (or SLU website). However, these definitions must have quotation marks with proper citation. You must have no more than 3 quotations in your response (one for each part)
In comparing a perfectly competitive market and a monopoly, please answer each of the following questions thoroughly, based on your readings and practice, for full credit. Quality outside research can only help your grade. Please do not create your responses from the information in the text only. The use of outside references, as well as the textbook, must be cited and referenced. This discussion question has 3 parts. All parts must be answered for full credit.
Address the graph explicitly in your answer. Part of this question is demonstrating your ability to analyze the graph. (see below)
Questions:
(Put in at least two paragraphs):
a) Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential?
b) Does a monopolist achieve efficiency in its production (that is, does it produce where MR = MC)? Will society face a welfare loss in a monopolistic market?
c) Applying Saint Leo’s Core Values of responsible stewardship to this question, would you consider that there is never good cause to allow monopolies to operate? Please take into consideration your answer to Part (b).
Your responses to (c) must indicate that an objective, educated opinion has been reached.
NOTE: Response must be in your own words with proper citations for all sources used (including the textbook).
READ BELOW HINTS:
The first part asked you to look at the differences between perfect competition and monopoly.
In Part A, be sure to identify the price and quantity for both perfect competition and monopoly from the graph to help support your position about the difference between the market structures.  Also consider the differences in the characteristics in addition to the number of firms.
In Part B, be sure to identify numbers from the graph to support your position about monopoly, efficiency, and welfare loss.  Pay close attention to the question.  Note that is asks specifically about production efficiency, which is different than complete economic efficiency.
In Part C, be sure to state/summarize responsible stewardship and apply to the existence of monopoly.  Consider whether all monopolies are “bad.”
Core Values
Excellence?The University is an educational enterprise. All of us, individually and collectively, work hard to ensure that our students develop the character, learn the skills, and assimilate the knowledge essential to become morally responsible leaders. The success of our University depends upon a conscientious commitment to our mission, vision, and goals.??
Community?The University develops hospitable Christian learning communities everywhere we serve. We foster a spirit of belonging, unity, and interdependence based on mutual trust and respect to create socially responsible environments that challenge all of us to listen, to learn, to change, and to serve.??
Respect?We value all individuals’ unique talents, respect their dignity and strive to foster their commitment to excellence in our work. Our community’s strength depends on the unity and diversity of our people, on the free exchange of ideas, and on learning, living and working harmoniously.??
Personal Development?The University stresses the development of every person’s mind, spirit, and body for a balanced life. All members of the Saint Leo University community must demonstrate their commitment to personal development in order to strengthen the character of our community.??
Responsible Stewardship?We foster a spirit of service to employ our resources to university and community development. We must be resourceful. We must optimize and apply all of the resources of our community to fulfill Saint Leo University’s mission and goals.??
Integrity?The commitment of the University to excellence demands that its members live its mission and deliver on its promise. The faculty, staff, and students pledge to be honest, just and consistent in word and deed
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT ?

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Subject:
Type:
Pages/Words:
Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Level:
Currency:
Total Cost: NaN

Get 10% Off on your 1st order!