ECO 550 Assignment 3 - Market Model Patterns of Change - 30988

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- Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.

- Hypothesize the basic short-run and long-run behaviors of the model in the business you have chosen in a “market economy.” Provide support for your assumptions and conclusions.

- Analyze at least three (3) possible areas for the industry that could lead to transaction costs, and explain each in detail.



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