Dumphy and funke are rival tattoo artists in the small town of feline. there are no other tattoo artists in town. it costs $ 30 to produce a tweety bird tattoo. assume for simplicity that fixed costs are zero and that dumphy and funke perform identical work. for a while, there was too much demand for funke and dumphy to handle and they both charged $ 200 for a tattoo. but recently, demand has dropped significantly and there is not enough work for both to fill their days at any price. however, there is some demand at all prices. what type of competition would funke and dumphy likely engage in after the decrease in demand?

As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive