A number of legal firms now offer services on the internet1

Assignment Help Microeconomics
Reference no: EM13379176

A number of legal firms now offer services on the Internet.

1. In what respects does the market for legal services, such as those provided online by Nolo.com, have the characteristics of a monopolistically competitive industry?

2. How can providers of legal services differentiate their products? How does Nolo.com attempt to do this?

3. Search the web for at least three additional online legal firms and compare the services these firms offer (a quick bullet list will suffice for each). Based on you research, is it reasonable to classify the market for online legal services as monopolistically competitive?

Reference no: EM13379176

Questions Cloud

A do you think that nearshoring or outsourcing will : a. do you think that nearshoring or outsourcing will continue for u.s. companies?b. identify a legal job that you
Which of the following fiscal policy changes would have a : which of the following fiscal policy changes would have a larger overall negative impact on ad and rgdp? explain your
The 2009 world development report provides the following : the 2009 world development report provides the following information for colombia and thailand. explain carefully what
As the prevalence of social media continues to rise : as the prevalence of social media continues to rise consumers are recognizing ways in which social media can direct
A number of legal firms now offer services on the internet1 : a number of legal firms now offer services on the internet.1. in what respects does the market for legal services such
Consider 2 countries avataria and twilightia which can be : consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor
1 when a state government chooses to build more roads the : 1. when a state government chooses to build more roads the required resources are no longer available for spending on
1 which of the following appears as a positive item on the : 1. which of the following appears as a positive item on the balance of payments account for the united states?u.s.
Nbspa decrease in government spending will cause anincrease : nbspa decrease in government spending will cause anincrease in the quantity of real domestic output demanded.decrease

Reviews

Write a Review

Microeconomics Questions & Answers

  The profit from each of the four possible combinations of

A firm is focal point for a set of contracts. Explain the problems that (1) agency relationships, (2) asymmetric information, and (3) adverse selection can introduce to building a successful contract between two people.

  Determining own-price elasticity

Assume that the price was 5% lower and all other factors do not change. How much more would you buy each year? Using this information, compute the own-price elasticity of your demand.

  Who has the absolute advantage in coffee

An average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in 60 minutes, while an average worker in Peru can produce an ounce of soybeans in 50 minutes and a ounce of coffee in 75 minutes. Who has the absolu..

  What things impact the value of the dollar

What things impact the value of the dollar Does anyone know why the Chinese Yuan remains very weak against most currencies and thus allows them to export so much Is it fair that the Yuan is made weak against other currencies

  Suppose the local market for cigarettes is made up of the

suppose the local market for cigarettes is made up of the following peopletype a qa 20 - p type b qb 30 - 2p type c qc

  Comparative advantage and global competitiveness in

Assume that the U.S. is relatively K (capital) abundant and L (labor) scarce relative to Mexico. In terms of the Rybczynski theorem, what would have to happen between the U.S. and Mexico in order to reduce the U.S.'s comparative advantage and global ..

  17 assume a certain firm in a competitive market is

17. assume a certain firm in a competitive market is producing q 1000 units of output. at q 1000 the firms marginal

  Youre biomeds resident economic expert harry the ceo is

youre biomeds resident economic expert. harry the ceo is asking you to complete a time-sensitive project that another

  Question about microeconomics

Think a country that initially consumes one hundred pairs of shoes per hour, all of which are imported. The value of shoes is $40 per pair before a ban on importing them is imposed.

  The response conforms to appropriate requirements

The response conforms to appropriate requirements of the specific format,cover page included, with student name, student number, and tutorial time/room number clearly stated.

  Should the company add the tenth cab

Suppose you currently live and work in cleveland, earning a salary of 70,000 per year and spending 30,000 for housing. you just heard that you will be transferred to a city in california where housing is 55% more expensive. In negotiating a new sa..

  Demand-quantity demanded-supply

Explain what happens to price and quantity of milk when the following events take place: For each and every event, specify how it effects either demand, quantity demanded, supply, or quantity demanded. It is also important to demonstrate how the ch..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd