Compare and contrast features of perfectly competitive market with monopolistic competition. Explain the terms Productive efficiency and allocative efficiency with reference to monopolistic completion

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Compare and contrast features of perfectly competitive market with
monopolistic competition. Explain the terms Productive efficiency and
allocative efficiency with reference to monopolistic completion

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You are selling a product in an oligopoly market. What factors would motivate you to collude with other firms in the market?
In the market for diamonds, assuming everything else remains unchanged, the equilibrium price of diamonds will decrease if A. there is a shortage of diamonds. B. the price of gold, a complement, decreases. C. the supply of diamonds decreases. D. the price of cubic zirconia’s, a substitute, increases. E. there is a technological improvement in mining equipment.
suppose that your demand schedule for pizza is follows pice: $8,$10,$12,$14,$16 quantity demanded ( income $16.000): 40,32,24,16,8 quantity demanded (income $20.000): 50,45,30,20,12 a. use the midpoint method t calculate your price elasticity of demand as the price of pizza increases from $8 to $10 if (i) your income is $16,000 and (ii) your income is $20,000. b. calculate your income elasticity of demand as your income increases from $16,000 to $20,000 if (i) the price is $12 and (ii) the price is $16
Toowoomba Computer Works (TCW) has employed a programmer towrite business programs for their clients. She writes a program which will be ideal to use to teach first-year accounting students the rudiments of electronic financial record-keeping. It sells for $200 per copy. TCW decides to give 100 copies free to the local university to be distributed to students in whatever way the course lecturer decides. The firm also gives the university a free site licence. Chapter One: Introducing the firm and its goals (a) Would this action tend to work against TCW’s avowed objective of wealth maximisation? (b) Is there an ethical problem here for any of the parties?
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Suppose that a consumer with income of birr 90 wants to spend the whole income on good B and good A. Assume that the goods are consumed on a one-to-one basis and one good is worthless without the other. The price of good A and B are both 3 birr. A. How many units of good A&B will the consumer buy? B. If the price of good A increases to birr 6, how many he/she buy of each? C.vWhat type of preferences does consumption of the two goods represent? What is the shape of the indifference curve for this type of preference?