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Explain a model based on government regulation (price ceiling or floor), a cartel, or a monopoly. Discuss
1) How price is determined;
2) How sustainable you expect the pricing to be over time;
3) What you expect to happen in the long run to output and pricing
4) What happens if the market price is below the government’s price ceiling?
5) In your model what can happen to overcome the pricing scheme in (A)?
offshore petroleums fixed costs are 2500000. selling price per barrel of oil is 18 and variable costs per barrel are
Independence Burgers serves fast food at its 300 franchised across the South.
1. suggest how an economist would approach the problem of alcohol abuse. provide two 2 possible solutions to this
the widget industry in anytown is a monopoly controlled by widget corp. its demand curve for the local market is given
QUESTION 2. Explain how the achieved trust level of a companys communication using blogs and social media compared with similar communication efforts conducted using mass media and personal contact?
If you receive a free ticket to a concert, what, if anything, is youropportunity cost of attending the concert How does youropportunity cost change if miserable weather on the night of theconcert requires you to leave much earlier for the concert ..
Following are observations on the market price and the quantity of good X produced and consumed in three different years: $10 and 100 units, $4 and 57 units, and $8 and 88 units. Can we conclude that the market demand for X slopes upward
The e-Activity, critique the Dodd-Frank Act to determine
what dilemma faces regulators trying to regulate natural monopolies? distinguish among private goods public goods
Consider a production setting with two factors of production,one fixed in the short run.Show how isocost/isoquant analysis can be used to derive a short run average total cost curves.Label your diagramms carefully.
Suppose your college charges you separately for tuition and for room and board. then what is a cost of attending college that is not an opportunity cost.
What ar the prices charged, total product shipped to each market, and the total profits to the monopolist under the following two conditions?
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