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Prevention of Illegal Copying of Music Files
Discuss and post your responses to the statement regarding the best solution for preventing someone from making illegal copies of music files. Do you concur that the best solution currently available is for the courts to enforce property rights and for the recording companies to pursue illegal music file sharers and hit them with large penalties? On the contrary, would you rather see a tax placed on MP3 players where the tax revenues may be distributed to the music performers and recording companies? What other proposals would you recommend in resolving this free-rider problem? Is it resolvable? Justify your statements.
As you start your research, you realize your company would make a significant profit from doing business in China.
Elucidate the importance of competition among firms. Explain whether the competitive environment in this industry benefits society or not.
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
Suppose if the discount rate for the stock is 12 percent, at what price will the stock sell.
Assume that your firm above is the N.Y. Yankees and the league owners impose a lump sum tax of $4 million dollars on your firm.
Provide a business or political example of the prisoner's dilemma from the field of game theory. What is the payoff for each participant in your example.
Suppose you're an economic advisor in charge of trying to raise a maximum level of tax revenue for the government. You consider taxing the suppliers in the market for corn, a major agricultural product in the United States.
Estimation of sales from multiple regression models - figuring out the own price elasticity of demand and cross price elasticity of demand - the relevant business decision to increase the total revenue.
Once it is describe to be elastic or inelastic, explain how do you come to that conclusion.
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
Time Magazine and Newsweek are two competing news magazines. Suppose that each company charges the same $5.00 price for their magazines. What is the Nash equilibrium for this sequential game?
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
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