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FTC Commissioner Maureen Ohlausen, in her October 27, 2016, speech titled China’s Fair Competition Review: Insights From the U.S. Experience at the 2016 China Competition Policy Annual Forum in Beijing, suggested that Chinese antitrust enforcement officials could focus their attention most fruitfully on which of the following?
A. She said that China has a unique opportunity to champion protectionist government regulations that replace market forces with price controls, quality standards, and licensing restrictions.
B. She said they should focus on how a market economy is the best method for distributing resources and while protecting consumers’ interests in the price, quality and convenience of various goods and services.
C. She said the focus should be on how some firms are so big that they can overwhelm small firms just by threatening to enter a market.
D. She said that Chinese officials should focus on requiring firms that are planning to enter into a market to obtain permission from the firms already there.
E. None of the above.
Provide an intuitive explanation of the Principal-Agent problem and discuss any mechanisms used to mitigate the problem. You should use the business owner-manager problem as an illustration.
A market is characterized by a demand curve that can be expressed as P = 3000 – 10 Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 250 q. There are no fixed costs. If the 2 duopolists behave a..
The following is intended to explore what kinds of cross-price demand relationships are logically possible in a two-good model with exogenous income.
Demand: P=30-2Q Supply: P=4Q Equilibrium Price____ Equilibrium Quantity______ Own Price Elasticity of demand Equlilbrium______ Consumer surplus________ Producer surplus__________ Same market after $6 sales Tax
Creativity, curiosity and creating value are key parts of the entrepreneurial mindset that won’t always prevent failure. Which of the following will help you avoid failure?
An island economy produces only two goods, coconuts and pineapples. 'Adam' has a stronger preference for pineapples but likes coconut too. 'Bella' hates pineapples but loves coconuts. 'Carla' hates pineapple and hates coconuts.
Sales have boomed at the takeout café you opened next to a train station and bus stop. You've sold coffee and breakfast pastries from 5:30-10:00 AM, promoting your products to commuters through street signs and posters on bus shelters. You plan to bu..
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, elucidate how would this change incentive structure facing deposit theory institutions.
Suppose James has utility over wealth given by u(w) = w 1 2 . Putting utility on the y-axis and wealth on the x-axis, use a graph to show why James would rather have $100 for sure instead of a gamble where he gets $20 20% of the time and $120 the res..
What claim does an employer have on a person's feeling, rights, and privacy? and what rights can an employer justified ably limit in the workplace?
Where P is the price of beer, PN is the price of nuts, and I is average consumer income. What happens to the demand for beer when the price of nuts goes up? Are beer and nuts demand substitutes or demand complements? What happens to the demand for be..
A shareholders' group, in lodging a protest, claimed that the mean tenure for a chief executive office was at least nine years. A survey of companies reported in the Wall Street Journal found a sample mean tenure time of 7.27 years with a standard de..
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