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1. The objective in the game of Monopoly is to get all the property and then raise the rents. Can this power be ex- plained with market supply and demand curves?
2. According to the Federal Trade Commission (News, p. 228), how often do monopolies lead to higher prices? Why, then, did the rocket merger get approved?
3. Why don't monopolists try to establish "the highest price possible," as many people allege? What would happen to sales? To profits?
4. How does Ticketmaster's "dynamic pricing" (News, p. 224) affect ticket sales, total revenue, and profit?
5. What are the Intel entry barriers mentioned in the News on page 226? How effective might they be?
6. What would have happened to iPad prices and features if Apple had not faced competition from iPad clones?
How do you ?nd the most ef?cient output, and how do you ?nd the most pro?table output and at the output at which a ?rm maximizes its pro?ts, what two variables are equal?
What is depreciation of a currency? Appreciation of a currency? What interest rate is the Fed trying to control (target) with open market transactions? How are long term interest rates determined? What is the long run effect of monetary policy? Why d..
Monetary policy is an effective way to increase demand, if you're the sort of economist that believes the government should meddle in the economy. In an paragraph, thoroughly explain how monetary policy affects each of the four components of aggregat..
Suppose that the quantity equation of money holds M x V = P x Y and the velocity of money is constant, V. (a) If the money supply increases by 3 percent, by what percentage rate do prices change? That is, what is the inflation rate? (b) What is the r..
Innovation lagged in the centrally planned economies because: there was too much domestic business competition. there was too much competition from foreign firms. A positive statement is one which is:
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The new Millennium Dome Company (NMDC) must choose the entry fee for a new sports arena. Suppose an expensive consultancy firm has estimated the demand schedule to be as follows:
during the energy crisis of the 1970s and again in the last 5 years congress bemoaned the price gouging and
the haas corporations executive vice president circulates a memo to the firms top management in which he argues for a
Describe the welfare costs of a monopoly and discuss the regulator organizations that monitor anti-trust in America. Name these organizations and their functions.
Provide an example of an external cost and an external benefit
The question related to Economics, mainly to Macroeconomics and the question is explain about multinational corporations and the payments and receipts made in foreign currency and its effect on the corporation's real income.
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