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Discussion Monopoly
1. Explain why having a monopoly doesn't necessarily guarantee a profit. Answer this while keeping in mind how monopolies are formed.
2. In addition, why can't a monopolist charge the highest price it wishes to charge?
Explain why automobile manufacturers produce their own engines but purchase mirrors from independent suppliers.
1. How does DNS work? What would happen if we didn't have DNS? 2. What it BootP used for? 3.What is DHCP? How does it make the network admins life easier?
Which of the following shifts the short-run, but not the long-run, aggregate supply right?
The Federal Reserve Discount Window was fundamental to the founding of the Fed in 1913. And while the basic structure has stayed the same, in at least one way its importance has been diminished and in at least one way its importance remains significa..
Which of the following is NOT an argument for maintaining a positive rate of inflation? Advocates of taxing consumption rather than income argue that
Research and locate a current-events article or video that, like the example article from Tulsa World, depicts ethical or unethical practices that have occurred
You will be required to do a term paper on discussing how the unique physical and chemical properties of water contribute to the importance of water.
How is rent determined on plots of land of different quality? Does it matter whether or not the supply of factor inputs used on the land is perfectly elastic? Suppose that the factor supply curve is perfectly inelastic. What happens to land rent on e..
In a pastoral community, the main source of livelihood is raising dairy cattle. Suppose that the cost of a dairy cow is 5000 shillings.
There are two types of coal mines in operation: “above-ground” mines, which involve very little risk to the miners, and underground mines, which are considerably more dangerous. What would be an economist’s estimate of the value of a statistical lif..
How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsi..
For Econ 470 question: In December 2008, the federal funds rate hit the zero lower bound, where it remained until December 2015.How could the Fed have used the interest on reserves to raise the federal funds rate?
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