User Account

All Pages

Good example of monopolies

Assignment Help Macroeconomics
Reference no: EM131372879

Drugs that are still under patent protection are a good example of monopolies. When you combine that monopoly with health insurance, which tends to produce inelastic demand, you can get very high profit-maximizing prices. Can you think of any recent examples that have been in the news?

Reference no: EM131372879

Questions Cloud

How would it affects national wealth in the short-run : If U.S. national saving remained at current levels but investment (or gross investment) went down to, say roughly 5% of GDP, the trade balance (or current account) deficit would become a surplus. In your opinion, How would it affects national weal..
Does it work correctly if the collection is empty : Rewrite the list All Files method in the Music Organizer class from music-organizer-v3 by using a do-while loop rather than a for-each loop. Test your solution carefully. Does it work correctly if the collection is empty?
Leader of their political party : Presidents play several roles, and four of the primary roles are the following: 1) Commander-in-Chief; 2) Head of state; 3) Leader of their political party; and 4) Chief diplomat. Based upon our course content and recent news stories, please discu..
Show two years of financial history including revenue : MBA 640- Identify key assumptions and conclusions regarding financial projections. Show two years of financial history including revenue, expenses, calculated profit, and calculated profit margins.
Good example of monopolies : Drugs that are still under patent protection are a good example of monopolies. When you combine that monopoly with health insurance, which tends to produce inelastic demand, you can get very high profit-maximizing prices. Can you think of any rece..
Create a class called sorting test : Create a class called Sorting Test. In it, create a method that accepts an array of int values as a parameter and prints out to the terminal the elements sorted (smallest element first).
Calculation of the gross domestic product : Explain why factors that are not part of the calculation of the Gross Domestic Product (GDP) can be important exclusions that have important meaning for understanding domestic macro-economics.
How do you print out all keys currently stored in a map : What happens if there is more than one space between two words (e.g., two or three spaces)? Is there a problem?
National bureau of economic research : Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and p..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Number of bartenders

Assume that the Houndstooth's output (the number of drinks it sells) depends only on the number of bartenders it has working at any given time. Moreover, assume that each bartender costs the Houndstooth $120 a day and that they have a fixed cost o..

  Logarithmic regression equation

A study of cigarette demand resulted in the following logarithmic regression equation:

  Support the macroeconomic forecast using the real and

support the macroeconomic forecast using the real and financial frameworks that irelands unemployment rate will remain

  Elucidate in detail the federal reserves interest rate

Elucidate in detail the Federal Reserve's Interest Rate Policy and Economic Recovery.

  Economic growth ppf

Use the production possibilities frontier (PPF) to demonstrate economic growth.(Growth and the PPP)

  Why would savers be willing to hold treasury bills

With a falling price level, what happens to the actual real interest rate? Does your answer depend on what happens to the nominal interest rate? Briefly explain.

  Compute utility function that corresponds to a constant

Compute utility function that corresponds to a constant Arrow-Pratt measure of absolute risk-aversion.

  Is this measure stabilizing or destabilizing

Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..

  Economic discussion questions

In most developing nations, there are long lines of taxis at airports, and taxis often wait 2or3 hours. What does this tell you about the price in developing nations market?

  Do you think a recession could look worse

Yet clearly not "everything" is counted. In 2008/2009, the United States was in a recession, and reported GDP was shrinking. Knowing not everything is counted, do you think a recession could "look" worse than what it is, due to how GDP is calculat..

  Draw a box which represents factor endowments

Draw (a possible set of) isoquants for the production of the two goods given price. Draw a box which represents factor endowments for each country

  What are the three functions of money

1) What are the three functions of money? Which function is the defining characteristic? 2) How is the discount rate different from the federal funds rate? 3) Consider the balance sheet for the Wahoo bank as presented below.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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