PLEASE ANSWER ALL OF THESE QUESTIONS↓ ----------------------------------------------------------------- 1. In an essay of at least four paragraphs,...

PLEASE ANSWER ALL OF THESE QUESTIONS↓

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1. In an essay of at least four paragraphs, answer the following question. Explain how both increases and decreases in supply and demand can alter equilibrium prices.

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2. In an essay of at least three paragraphs, answer the following question. Discuss the advantages of using prices in the marketplace, as well as the various benefits of a price-driven economy.

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3. In an essay of at least three paragraphs, outline how the U.S. government can promote and protect competition in the marketplace.

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4. In an essay of at least two paragraphs, discuss the four requirements that a market must have in order to meet the criteria of a perfectly competitive market as well as the factors that can lead to imperfect competition in a market.

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Rahul Sunny answered 1 year ago

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