Principles of Microeconomics

Principles of Microeconomics

1. Aside from advertising, how can monopolistically competitive firms increase demand for their products?

2. Make a case for why monopolistically competitive industries never reach long-run equilibrium? 

3. Are unions and technological improvements complementary? Why or why not?

4.  Will union membership continue to decline? Why or why not?

5. If it is not profitable to discriminate, why does discrimination persist?

6. If a company has discriminated against minorities in the past, should it be required to give priority to minority applicants today? Why or why not?

7. Why are there not a lot of Oligopolies?