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In each of the following situations, explain whether an externality is present.
a. Mine safety has improved in recent years. Nonetheless, mining accidents result in 50 to 100 deaths per year and thousands of lost workdays due to injury.
b. Large brokerage and financial service companies conduct intensive introductory training programs for new hires, many of whom, once trained, leave the company within the first year to work for competitors.
c. The volume of e-mail spam has grown exponentially in the last 5 years.
d. A husband and wife who have put off buying a house suddenly find themselves priced out of the market by rocketing real-estate prices.
you are the ceo of abc dress shirt corporation. competition is reducing your market shares and therefore reducing your
Identify a market which you feel is perfectly competitive. The firms in this structure are considered price takers, are the firms in the market you chose all selling their product at the same price? Why or why not?
Analyze the implications of adverse selection in insurance markets that contain information asymmetry and community ratings. Justify your response.
Draw a graph and analyse what would happen to the domestic supply of rice and supply curve, consumer price of rice and domestic demand for rice, and cost of rice production. Calculate the actual values of change in consumer surplus, producer surpl..
Contrast and compare the types of risk manufacturing firms face with the risks to which service firms are exposed. Identify one way by which either a manufacturing firm or a service firm might minimize risk.
Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.
A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets.
1.economic growth .is driven by growth of technology growth of labor and growth of capital.is driven primarily by
Write a paper choosing a commodity to analyze using a real world experience in a free market (not government regulated) to describe a change that occurred in supply or demand as a result of world events that led to the need for a move between two ..
Suppose you wanted to create a statistical model that helped to explain Final Exam score in the class. a) what should be the main variable of interest? Limit to 3. b) what would the relationship that you would expect between each variable you chose a..
When thousands of products and their prices are at stake, does it make sense that comparative advertising at the store level be permitted? Based on what you read and any further research you choose to do, has Wal-Mart competed fairly with its compara..
we have established a relationship between net capital outflow nco and the trade balance net exports. during this
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