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Market Structures
Most European countries have nationalized their universities and colleges. Consider that some countries have also used the law to ban private colleges. Should higher education be classified as a natural monopoly in these European countries? Explain and justify your answer and use appropriate examples to support your conclusions.
Next, consider the case of several large, established pharmaceutical manufacturers such as Merck. What type of market form do you believe that such manufacturers operate under?
Justify your answers and use appropriate examples to support your conclusions. Quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style.
Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010. The amounts are in billions of dollars. Currency $..
What happens to the reserves of the bank? What happens to the money supply in the economy as a whole if the reserve requirement is 10%, all payments are made by check, and there is no net drain into currency? How would your answer in part b be aff..
Discuss and explain the major barriers to entry into a industry. Describe how each barrier can foster monopoly or oligopoly.
The latest economic news was not very positive. Unemployment rates were higher than expected, consumer confidence had fallen, and companies were reporting layoffs were in order. The Federal Reserve chairman acknowledged the economy was in a recess..
if a competitive firm is currently producing a level of output at which profit is not maximized then it must be true
Suppose an industry has potential firms with identical technologies with TC = 200 + 2*(Q^2). The demand curve in this industry is D(p) = 18 - ¼ p.
What is the optimal distribution of income if the social welfare function is additive?
a poncho company has the following short-run production functionq l 100l 5l2the cost of capital in the short-run is
suppose that there are two products clothing and soda. both brazil and the united states produce each product. brazil
Suppose a central bank does not satisfy the Taylor principle; that is, vp is less than zero. Use a graph to analyze the impact of a supply shock.
One of the stumbling blocks of Voice over IP has been the implementation of a 911 service. The given story appeared on the newswires on Tuesday:
Describe the likely effects on the total welfare (surplus) of society of the status quo, i.e., do nothing and let the market decide.
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