Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Explain the possible problems for consumers of each of the following ways of dealing with a natural monopoly:
a. Splitting the natural monopoly into several smaller competing firms.
b. Requiring that the company charge a price equal to where the marginal cost curve crosses the market demand curve, to that P = MC like a competitive firm.
c. Setting the price that the firm can charge so that the firm covers its average costs and also makes a normal (but only a normal!) rate of profit.
2. Who is more likely to be well represented at a meeting where government regulators come together to determine the price and quantity that an industry will charge: voices representing the industry or voices representing consumers? Why? What problem does this pose?
3. Why do most economists argue that the money raised by selling off state-owned firms is not an especially good argument for selling them? What is a respectable economic motive for the selling of state-owned firms?
Explain why if there is no formal or informal collusion in an oligopoly market firms are more likely to match a price cut by an individual firm than they are to match a price increase? If firms in an oligopoly do indeed behave in this way (matching..
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonald's and Wal-Mart.
Industries in the US also Europe can produce only two goods, cars also wheat. For given resources also technological how. Industries in the US can produce 1000 tons of wheat if no cars are produced.
What is total cost of saving water. Illustrate what is marginal cost saving 1 meter cubic of water.
In the Solow growth model, a higher savings rate is a good way to get higher GDP and higher GDP growth. The Solow growth model tells us that a flood of immigrants will, in the long run, raise interest rates and reduce wages. In world in which absolut..
Manufacturers of laundry detergent and dishwashing soap reinvest a relatively large percentage of their sales revenues on advertising campaigns. Most of these advertisements that appear on television stress the fact that their product is "New and Imp..
KimberlyClark, a household product manufacturer, reported earnings per share of 3.2 $ in 2014 and paid dividends per share of $1.7 in that year. The firm reported depreciation of $315 million in 2014 and capital expenditures of $475 million. Estima..
The principal benefit of tariff protection goes to: A ad valorem tariff provides domestic producers a declining degree of protection against import-competing goods during periods of changing prices. When the production of a commodity does not utilize..
Which of the following is true under monopoly?
You have learned that earnings functions are one of the most investigated relationships in economics. These typically relate the logarithm of earnings to a series of explanatory variables such as education, work experience, gender, race, etc. Why do ..
Suppose the monopolistically competitive barber shop industry in a community is in long-run equilibrium, and that the typical price is $20 per haircut. Moreover, the population is rising. Illustrate the short-run effects of a change on the price and ..
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd