Using no more than two typewritten double-spaced pages for each question thoroughly answer all the questions below.

Using no more than two typewritten double-spaced pages for each question thoroughly answer all the questions below.

1. Discuss the model of Organizational Architecture. What are its key components and why do economists believe it is important to use this model in corporations?

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Using no more than two typewritten double-spaced pages for each question thoroughly answer all the questions below.
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2. Discuss the economist’s view of individual behavior and the alternative models of behavior mentioned in your textbook. Why is the economic view preferred over the other models?

3. Discuss the various demand estimation techniques used by economists. Be sure to include the advantages and disadvantages of each in your answer. Which technique is the preferred technique by economists? Why?

4. Discuss the importance of entry barriers for firms to earn economic profit over the long run. Also, discuss the different types of barriers to entering a market.

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