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a.Is the drug industry a good illustration of the market theories described in this chapter? Explain your answer. b.What changes, if any, do you think we should make to U.S. drug patent laws? Explain. c.How should the relation between drugs and human life/health affect your views on drug industry monopoly profits
a researcher wishes to investigate the impact of immigration on the canadian labour market. she uses time-series data
1.Identify and discuss three (3) externalities, which can either be positive or negative.
What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?
What would be the total potential gains from trade if the ski resort and the birders were able to negotiate and what are the total net benefits of the economically efficient number of ski resort acres
Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology
a selfless person approaches jones and smith with a 100 and offers to sell it to the highest bidder but both the
directions be sure to make an electronic copy of your answer before submitting it to ashworth college for grading.
Calculate and compare the profit under each flight
A solar sea power plant (SSPP) is being considered in a North American location known for its high temperature ocean surface and its much lower ocean temperature 100 meters below the surface. Power can be produced based on this temperature differenti..
Find out the firm's optimal quantity, price, and profit (1) by using the profit and the marginal profit equations and (2) by setting MR equal to MC. Also provide a graph of MR and MC.
if a competitive firm is currently producing a level of output at which profit is not maximized then it must be true
what is the meaning of a four-firm concentration ratio? interpret what a four-firm concentration ratio of 60 would
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