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In order to protect consumers from predatory business practices, governments in open-market economies often establish antitrust laws. The Canadian Competition Act, for example, is intended to protect consumers by prohibiting anticompetitive business practices and promoting competition in the Canadian marketplace. Evaluate the wisdom of having the Competition Bureau (responsible for the administration and enforcement of the Competition Act) use profit as a measure of monopoly power in deciding whether to prosecute a case. How would such a rule be expected to affect the behaviour of firms with high profits? In what ways might any changes induced by such a rule be socially beneficial, and in what ways might they be socially harmful? Explain
In 2014, "the United States exported $2.34 trillion worth of goods and services - an all time record. Exports from the US in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. Discu..
a) Determine the regression equation b) What is the predicted value of y for x equal 5?
Illustrate what fiscal policies also monetary policies would be appropriate at this time. You must use at least one article. Use references also APA.
Discuss, in brief, the various steps taken by the Government from time to time to encourage workers' participation in management in our country.
Find the present worth of the following cash flow diagram if i = 8%.
Demand is defined by P=250-2Qd. Suppose that marginal cost is MC=Q where Q is the quantity produced by the monopoly. Find the monopoly quantity. Find the monopoly price. Is profit equal to producer surplus here?
Describe a time when you experienced effective communication in a business environment and discuss at least three (3) reasons why you perceived the communication to be effective, and explain the resulting impact to the business.
illustrate the effects of capital formation by comparing the production possiblility curves at the present time and ten years in the future.
For a particular year, a company has gross annual income of $780,000, annual expenses of $270,000, and allowed depreciation of $60,000. The company is located in a state where the first $200,000 corporate income is tax-free, and any income above that..
The purpose of this assessment is to review a scenario and use economic principle(s) to explain why people act differently from what they say. Recently, a bank was trying to decide what fee to charge for "expedited payments"—payments that the bank wo..
Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.
Suppose you select a single seed at random. What is the probability that its weight is greater than 0.42 grams?
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