Students must prepare a three to four page typewritten

Students will be expected to analyze and evaluate the issue or topic and provide recommendations. Here are some sample topics:
Countries that do not believe in comparative advantage
How do people respond to economic incentives?
Stories of positive or negative externalities
What’s the best healthcare system in the world?
Examples of behavioral economics
Differences between monopolies, monopolistic competition, oligopolies, and the perfectly competitive market
Income inequality throughout the world

Solution Preview

Overview
A perfectly competitive market and monopolistic market are two market arrangements that have got several key differences, such as entry barriers, price controls, and market share. In a market that is monopolistic, there is only a single company that controls the services, supply level, and price and also has a total market price.

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