ECON 121 Cuyamaca CollegeMicroEconomics Questions Discussion question 1 Do you agree with Henry David Thoreau’s quote, “Happiness is like a butterfly; the

ECON 121 Cuyamaca CollegeMicroEconomics Questions Discussion question 1

Do you agree with Henry David Thoreau’s quote, “Happiness is like a butterfly; the more you chase it, the more it will elude you, but if you turn your attention to other things, it will come and sit softly on your shoulder”?

Can this relate to how much money you make? If you make more than $75,000 per year, will you be happier?

https://www.cnbc.com/2017/11/20/how-much-money-you-need-to-be-happy-according-to-wealth-experts.html (Links to an external site.)

Explain your answer using diminishing marginal utility.

question 2

Which of the following markets are oligopolistic?

passenger airlines
cereal
fast food
wheat
golf equipment
the college bookstore on your campus

What happens to pricing and service in oligopolistic environments? Please use an example and include a resource.