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If a firm with a patent monopoly sets a high price that results in deadweight loss then why do governments grant patent monopolies?
You have selected a small coffee shop in your area. Develop a strategy for expanding this business in a national market. Why do you believe the business could succeed in this new geographic market? What are the risks of expanding into this market?
Would all the factors that promote or constrain business entrepreneurship also affect the level of social entrepreneurship?
Explain why both strict liability and negligence (with the correct standard of care) are efficient when the appropriate action removes all harm to third parties, but only strict liability is efficient when there is residual harm. [Assume nothing ..
What would you look for in a new CEO to specifically solve the organization’s challenges? Describe the challenges, the type of CEO you’d hire, and what you’d tell them about fixing the problems.
Suppose that there is an increase in the demand for personal computer systems. Explain the likely effects on marginal revenue product, marginal factor cost, and the number of workers hired by the firm.
Does the monopoly determine the price of the good or the quantity supplied?
Using the Solow growth model with no technology growth and no population growth, write the fundamental equation of capital accumulation per capita and plot the time series for capital per capita, output per capita, and consumption per capita when ..
Consider the following game: player 1 chooses from 1 of 3 actions (say X, Y, Z) and player 2 follows by choosing from 1 of 2 actions (say J and K), having witnessed player 1’s choice. Finally, player 1 chooses from 1 of 2 actions (say G and H). For t..
In 1975, New York City experienced a fiscal crisis. What were some important economic and demographic (population) factors that contributed to the fiscal crisis
Explain how GDP is measured in your country - explain who would benefit directly and who would lose directly from such restrictions.
The traditional mortgage amortization schedule specifies a monthly payment that is
Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.
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