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Google and its Monopolistic Tendencies
When is an industry competitive and when is it monopolistic?
1) All of you have used Google. Do you think it's anticompetitive? Why or why not?
2) Do you feel you have a good substitute product for Google? Why or why not?
3) Do you think the Antitrust Department should punish Google for being a "monopolist"? Did the author of the article think so?
The Big Black Bird Company (BBBC) has a great order for special plastic lined military uniforms to be used in an urgent military operation.
"Most of the firms spend considerable amounts of money on advertisement". Explain advertising elasticity of demand and its practical applications in this context.
Explain how might these regulations be thought of as being a negative technological change.
The agricultural market for corn usually can be characterized as a purely competitive industry. How might the following events affect the shot-run cost curves and output for a firm in the industry?
Explain how would you justify the long-term nature of your contract with CGI Group.
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
Compute the effective price reduction resulting from the coupon promotion.
What are the FC, ATC, AFC, AVC and MC at these output levels?
The largo publishing house uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and the price of the printing press is $5,000.
A nation has a lower inflation rate than all other nations, It has more rapid economic growth.
Illustrate what are the 2 policy options used to influence the economy
If the CPI went from 106 to 111 during the past year, Illustrate what was the rate of inflation.
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