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Select a Government Regulation. Identify a particular government regulation of your choosing that in your opinion has either been successful or a failure. Briefly state the original purpose of this regulation and whether it has changed over time. Then, concisely defend your view on whether you favor the expansion or reduction of the enforcing regulatory agency.
Be careful to identify the positive reasons for your normative position.
Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements.
Use Verizon cell phone service as an example and describe the steps and activities involved in benchmarking. Be sure to indicate which type of benchmarking would be most appropriate and why, as well as whom they should benchmark against and what they..
q1. predict what would happen to the equilibrium price of marijuana if it were legalized. use demand amp supply
Assume the market for oil is perfectly competitive, with the following market demand and supply curves: Find the equilibrium price and quantity for this market. Calculate consumer and producer surplus in the competitive equilibrium.
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
Explain why if there is no formal or informal collusion in an oligopoly market firms are more likely to match a price cut by an individual firm than they are to match a price increase? If firms in an oligopoly do indeed behave in this way (matching..
Identify the reasons why the quantity demanded of a product increases as the price of that product decreases.
give an example of a government created monopoly. is creating this monopoly necessarily bad public policy?explain two
Please plot the following aggregate demand curves from the following equations: Please plot both curves to scale.
In theory socialism is an economic system:
ADVANCED ANALYSIS Assume that demand for a commodity is represented by the equation P = 90 - 2Qd and Supply is represented by the equation P = -5 + 3Qs where Qd and Qs are quantity demanded and quantity supplied, respectively, and P is price.
Your community has been chosen as the site of a new power plant that will be the source of electricity for the entire region. This power plant will be within a few blocks of your house, so you have been given the opportunity to help choose the type o..
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