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Explain why a monopoly that is perfectly able to discriminate between its customers and charge them the individual price it wants is Pareto-efficient, unlike a monopoly that can only charge a single price to consumers with different reservation price.
In health care, most physicians and facilities are paid for services rendered instead of the quality of the performance, known as pay for performance. Discuss how current trends in consumerism may change the way health care professionals are paid
Find the equation of the new demand curve for Chevrolets. What is the relationship between D C and D' C ? What explains this relationship?
How much of a shortage or surplus of gasoline would result? Calculate the effects of this policy in terms of the changes in consumer surplus and producer surplus.
you are the chairperson of the federal reserve the date is june 2008 and a recession is ahead. using the monetary tools
Our large companies seem to be largely run by hired managers who work for salaries and who are not owner-entrepreneurs.
Two goals of monetary strategy in the United States are price stability and full employment. Explain with the help of the appropriate graphs.
1. assume the federal reserve board is undertaking anexpansionarymonetary policy. explain the details of how the
analyze the major barriers for entry and exit into the airline industry. explain how each barrier can foster either
Imagine cell phones are simple and the only thing consumers care about is minutes. Suppose a monopolist wireless company says, \The cell phone and the first 6 minutes are free, and the price of each additional minute is $2." Now suppose your deman..
Should the Federal Reserve be independent or dependent of the government in your opinion?
Elucidate what are the best goals for the Fed. Should it lean toward restraint or toward expansion.
In the last decade or so there has been a dramatic expansion of small retail convenience stores (such as Kwik Shops, WaWa, 7-Elevens, Gas ‘N Shops) although their prices are generally much higher than those in the large supermarkets.
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