Perfectly competitive market has many characteristics. Explain in details those characteristics. Discuss why most industries are not perfectly competitive.

Writing a report on the economic 2030 vision of the Kingdom of Saudi Arabia

please should it be about 2000 words  

1. True or False: In a transitional gains trap, both the suppliers of the good and the consumers of the good are worse off because of the initial barriers to entry imposed on the market.   and why?

A confectioner (a candy maker) and a dentist run their business in two separate but adjacent houses. The confectioner operates two loud machines in his house. The noise from the machines had gone unnoticed for years until the neighboring dentist decided to move his office to the room closest to where the confectioner operated his machines. The noise from the machines makes the dentist’s work impossible. The dentist sues the confectioner in court.

Suppose now that confectioner has three ways of dealing with the problem
of his noisy machines interfering with the dentist’s business: 1) to sound-proof the wall
between the houses at a cost of $20K; 2) to switch to quieter, but more expensive,
machines, at a cost of $30K; or, 3) to relocate at a cost of $100K.
The dentist, on the other hand, has two ways of dealing with the noise problem: 1) to
sound-proof his entire office for $25K; or, 2) to remodel his house again and move his
office back to the previous side of the house and away from the noise at a cost of $40K.
Suppose that in this scenario a merger is not possible, and that the transaction costs are
zero.
c. If the court rules in favor of the dentist, then what would be the resulting
outcome? Explain.
d. Assuming away subjective considerations of justice, morality, etc., did the court
make the economically efficient ruling here? Why or why not? (You must relate
your answer here to part (c) above).
e. Briefly, state the outcome if the court rules in favor of the confectioner instead?

List and explain the factors that influence price elasticity of demand. What will make demand more or less elastic?

Explain the relationship between price elasticity and total revenue.

Define and explain how marginal, total and average values are related in general and specifically for utility, product, cost, revenue and profit.

Explain why diminishing marginal utility is related to the Law of Demand.

Explain the difference between economic and accounting profit.

Explain why increasing MC is related to the Law of Supply.

Explain how differences in market structure (perfect competition, monopoly, monopolistic competition and oligopoly) affects how a firm perceives the demand curve and marginal revenue, and thus profit maximizing output and overall efficiency (price relative to marginal cost).

Explain how barriers to entry and long term price and profitability (P-AC) are related, and how that might impact antitrust and regulatory policy.

A confectioner (a candy maker) and a dentist run their business in two separate but adjacent
houses. The confectioner operates two loud machines in his house. The noise from the machines
had gone unnoticed for years until the neighboring dentist decided to move his office to the
room closest to where the confectioner operated his machines. The noise from the machines
makes the dentist’s work impossible. The dentist sues the confectioner in court.
Now, consider the following two scenarios:
Scenario 1: Suppose that the value of the dentist’s clinic is worth $130K,
whereas the value the confectioner’s candy business is worth $70K.
Scenario 2: Suppose that the value of the dentist’s clinic is worth $150K,
whereas the value the confectioner’s candy business is worth $180K.
Consider each of the scenarios above when answering the following questions. Assuming
that it is possible for either business to buy the other (i.e. to merge) or to buy the
nuisance rights after the court decision (i.e. the right to emit sound or to demand quiet),
what would be the outcome if…
a. …the court rules in favor of the confectioner, and transaction costs amount to
25K.
b. …the court rules in favor of the dentist, and transaction costs amount to $60K.

What are the signs that a business model is failing and is ripe for a disruption? Elucidate your answer in the following context – “e-Learning platforms are going to disrupt traditional education industry”.

Assume the base year is given as 2017 and the market basket for the consumer price index has two products–meat and potatoes–with the values in 2017 and 2018 for price and quantity given by the table above. The Consumer Price Index for 2018 equals

2)

If the price index in an certain economy rises in three consecutive years from 100 to 120 to 140, then such an economy is experiencing

PLEASE GIVE ME LONG AND DETAILED ANSWERED (with specific examples) - Both Answers Combined Should Be About a A4 Paper Long. Thank you.

Prior to the current Covid-19 travel advice the Department of Foreign Affairs and Trade (DFAT) Smart Traveller website had the following advice for Australians. “Venezuela has closed its land borders with Brazil and Colombia and maritime borders with Aruba, Curaçao and Bonaire until further notice. The political and economic situation remains very unstable. Monitor local media and follow the advice of authorities. We continue to advise you not to travel to Venezuela.”

(i) Assuming COVID-19 does not exist at this time what would your advice be to an Australian company that has just won a major and highly profitable project management contract? Please provide a sound rationale for your advice.

(ii) What other sources of political risk can an exporter face and how can they be counteracted? Please provide specific examples in support of your answer.

What are the short-run and long-run effects of monetary tightening on nominal interest rate? 12. Ture of False (based on Question 11 above): In the short run, normal interest rate does not rise as much as the real interest rate. (Please justify)

11. What are the short-run and long-run effects of monetary tightening on no minal interest rates? (Please justify)

8. What is the relationship between real money demand and interest rate? (Please justify)