A number of legal firms now offer services on the internet1

Assignment Help Microeconomics
Reference no: EM13379176

A number of legal firms now offer services on the Internet.

1. In what respects does the market for legal services, such as those provided online by Nolo.com, have the characteristics of a monopolistically competitive industry?

2. How can providers of legal services differentiate their products? How does Nolo.com attempt to do this?

3. Search the web for at least three additional online legal firms and compare the services these firms offer (a quick bullet list will suffice for each). Based on you research, is it reasonable to classify the market for online legal services as monopolistically competitive?

Reference no: EM13379176

Questions Cloud

A do you think that nearshoring or outsourcing will : a. do you think that nearshoring or outsourcing will continue for u.s. companies?b. identify a legal job that you
Which of the following fiscal policy changes would have a : which of the following fiscal policy changes would have a larger overall negative impact on ad and rgdp? explain your
The 2009 world development report provides the following : the 2009 world development report provides the following information for colombia and thailand. explain carefully what
As the prevalence of social media continues to rise : as the prevalence of social media continues to rise consumers are recognizing ways in which social media can direct
A number of legal firms now offer services on the internet1 : a number of legal firms now offer services on the internet.1. in what respects does the market for legal services such
Consider 2 countries avataria and twilightia which can be : consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor
1 when a state government chooses to build more roads the : 1. when a state government chooses to build more roads the required resources are no longer available for spending on
1 which of the following appears as a positive item on the : 1. which of the following appears as a positive item on the balance of payments account for the united states?u.s.
Nbspa decrease in government spending will cause anincrease : nbspa decrease in government spending will cause anincrease in the quantity of real domestic output demanded.decrease

Reviews

Write a Review

Microeconomics Questions & Answers

  1 illustrate the following incidents with supply and demand

1 illustrate the following incidents with supply and demand graphs indicating the change in equilibrium price and

  Average productivity-marginal productivity

What is average productivity? What is marginal productivity? Explain the relationship between average and marginal productivity. What would happen to average and marginal productivity if a technological innovation were introduced to the production..

  The cost function of a competitive firm is tc25001q2 and

the cost function of a competitive firm is tc250.01q2 and the corresponding marginal cost function is mc0.02q.a how

  Sketch these probabilities in a decision tree model

Calculate the life years lost due to car accident for a 28 year-old driver and Identify and indicate which treatments are dominated for elimination.

  1 use the information in the table below to answer the

1. use the information in the table below to answer the following questions.nbspqavcatcmcmr1p1mr2p20

  Second-degree price discrimination is also known asblock

second-degree price discrimination is also known asblock rate setting.captures all consumer surplus.sets a different

  Information on production and cost

Gamma corporation one of the firms which retains you as the financial analyst is considering buying out Beta Corporation. Discuss how these data provide evidence of inefficiency. How could the new manager of Beta Corporation improve efficiency?

  Draw a budget constraint and an indifference curve

Draw a budget constraint and an indifference curve for an individual who works in period one and is retired (earns no income) in period two. He consumes some of his income in period 1 and saves the rest of his income for period 2.

  Determine the best way for the manager to make the purchase

The manager at Sherwin -Williams store has decided to purchase a new $30,000 paint-mixing with hi-tech instrumentation for matching color and other components. The machine may be paid for in one of two ways:

  Highly inelastic price elasticity of supply

Name three goods or services with highly elastic price elasticity of supply. Name three goods or services with highly inelastic price elasticity of supply.

  Write an equation that describes the steady state

Describe how this change affects output both immediately and over time. Is the steady state effect on output larger or smaller than the immediate effect?

  The arc price elasticity implied by the initial response

Calculate the arc price elasticity implied by the initial response to Z-Best's price increase and calculate the effective price reduction resulting from the coupon promotion.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd