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Natural monopolies give rise to a monopoly that is socially justifiable. Two telephone companies, or gas companies, or water companies, or electricity companies in the same city would be highly inconvenient and costly as long as transmission requires wires and pipes. In such instances, it makes sense for government to grant exclusive franchises and then regulate the resulting monopoly through price to ensure the public interest is protected. A regulatory commission may attempt to establish the legal price for the monopolist that is equal to marginal cost at the quantity of output chosen. This is called the "socially optimal price."
However, government has since deregulated the gas and electric companies. What has been the economic impact on pricing?
On the basis of a two period model with income in each period why is the simple consumption function introduced by Keynes
Distinguish between application and system software. Differentiate between system development and program development. Explain security, privacy and ethical issues related to information technology.
A hub is capable of operating in full duplex mode
A marketing plan. Please follow these as a guideline. If you could assist with the past sales revenues and five year projections sections it would be helpful.
what is the irradiation on a small test surface placed in the chamber? If the inner surface were not coated, but still maintained at 600 K, what would the irradiation be?
Given this, we have a number of international treaties to ban child labor. Do you think these treaties are effective? What about other types of labor
On a trip lasting more than one day, we permit hotel, taxi, and airfare also meal allowances. Same times apply for meal expenses. Write down sructured English for Clyde's narrative of the reimbursement policies.
What have you experienced or what do you anticipate as the most challenging aspect of strategic planning in your field of interest? What do you think can be done to improve strategic planning processes in your own organization or field?
While the history of the web protocol on the Internet can be organized in many ways, one option is to summarize the development of web infrastructure.
What are the internal and external corporate governance mechanisms used in the modern corporation?
create a user requirement document
Assume that if Sam is indifferent between accepting and rejecting an offer at a given decision node, then he accepts.
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