Explain what an elasticity is and what it measures. What might be an example of a more elastic good?
What might be an example of a more inelastic good? Explain why.
What importance do you feel it is for firms to understand the elasticity of their products they are selling?
If you were going to invest money, given the current financial market status, where would you invest your money today?
What are some possible investment choices for you as an individual?
What factors influence your decision on what to invest in?
How does the economic climate affect what you invest in?
Fully explain what that characteristic means and what its importance is to classifying a market as perfectly competitive.
If you have noticed this characteristic in a certain market, explain where you have seen it before or provide your own example.
Would you see the characteristic you are discussing in any of the other three market structures – monopolistic competition, oligopoly or monopoly? Why or why not? Please provide a preference