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Which of the following is a violation of the antitrust laws in the United States and why? (a) MIcrosoft monopolizes the market in PC operating system with a 92 percent market share; (b) Microsoft attempts to monopolize the market in Internet portals with a pattern of anticompetitive tactics (trying arrangements, refusal to deal, etc.); (c) Microsoft sells Windows plus Microsoft Internet Explorer for less than Windows without Internet Explorer installed as the default browser; (d) Microsoft gives Internet Explorer away free to individual adopters with variable cost estimated at $0.0067; (e) Microsoft threatens to delicense Compaq and Dell, who would then be unable to preinstall Windows on PCs they ship unless Compaq and Dell exclude Netscape's Internet browser from the user interface.
What are 3 reasons why economists have been able to justify the claim that the period from December 2007 to June 2009 represented the worst economic downturn since the Great Depression?
Suppose the local crawfish market is perfectly competitive, with the following market demand and supply: Market Demand: QD = 6500 – 100P Market Supply: QS = 1200P, where market quantity demanded (QD) and market quantity supplied (QS) are measured in ..
The relative price rule is equivalent to saying the marginal utility per dollar is the same for both goods, or goods should be consumed in the same ra5tion as their relative price.
A firm purchased a pump and motor for $1925 installed. It was later discovered that the pump had been improperly selected for the required head and discharge. As a result, the power bill for operating the pump was $900 for a year. The firm uses a min..
If the two firms each maximise profits independently, explain how much output would each firm produce. Explain how much quasi-rents would each factory earn.
Through Internet research, find and describe three (3) examples of physical or mental problems covered by the American with Disabilities Act (ADA), and three (3) examples of physical or mental problems not covered by the ADA.
Suppose two firms sell an homogeneous product; they compete in prices. Their respective marginal costs are MC1 (q) = 10 and MC2 (q) = 20. Find the prices that form equilibrium (for simplicity and reality, assume that prices are quoted in units no sma..
With the growth of the internet, there is a large number of online retailers as well as buyers in the online retail market. Why, given the growth of the Internet, would you expect to find that different firms would charge very similar prices for the ..
Assume there is a drought that destroys a large portion of the tobacco crop. Explain what happen in the marketplace for tobacco.
There's a lot more out there in the optional and supplemental readings as well as the wide wonderful world of the Internet to give you a feel for what's working and what's not in this area; the more widely you can spread your own information gathe..
“Falling oil prices will lead to increased employment, higher wage rates and increased real money balances.” Comment on this statement with the help of an AD-AS diagram and explain the short-run and long-run adjustment processes.
suppose the social welfare benefit received by a typical family in country c was 5000 in these 3 years. Compute the real values of the social welfare benefit received by a typical family in these 3 years using constant (2006) price.
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