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Microeconomics Essays

Microeconomics: Monopolistic Competition

Monopolistic competition occurs when the related products or services may seem similar but are not perfect substitutes (Overby et al., 2021). It exists between perfect and monopoly competition by combining their elements, including similar services or products that are not identical. Some products and services of monopolistic competition include clothes, household items, hair salons, hamburgers ... Read More
Pages: 6       Words: 1509
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Analysis Paper: Macro-and-Microeconomics

Since 2018, the two leading economies, China and the United States, have been embroiled in an economic war. In August 2019, the United States announced the third of a series of tariffs on goods coming from China. The selected article by Li (2019), indicates that the announcement declares the US administration’s imposition of a 10% ... Read More
Pages: 3       Words: 673
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