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Question 1: Antitrust regulation is designed to increase competition by eliminating attempts to monopolize an industry (other than through better products or better management) as well as by attacking certain patterns of illegal conduct (i.e. price fixing and exclusionary contracts that foreclose competitor business). For this forum, discuss your belief on "tech giants" violating antitrust laws. Do you feel Facebook, Google, Amazon, Apple, Microsoft etc. are in violation of such antitrust regulation?
Explain what happens to the nation's aggregate supply curve, the short-run equilibrium level of output, and the price level if:
In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire d..
Suppose an industry has 4 firms each with 20% of sales, and 4 firms each with 5% of sales. The HHI for the industry is?
Explain why a short run average cost curve only touches the long run average cost curve at one point on the long run average curve. define clearly the concept of returns to scale.
1. What advice would you give Shell if it decided to use a different ERP software solution?
Money, Banking, and Monetary Policy: What do economists mean when they say that monetary policy can echibit cyclical asymmetry? How does the idea of a liquidity trap relate to cyclical asymmetry? Why is this possibility of a liquidity trap significan..
What is the historical relationship between unemployment and inflation?
EBay claims that it has only a small problem with fraud also misuse of the sytem. Does this imply that it is overinvesting in addressing potention contracting problems.
In Narnia, 1 binky can be produced with 2 workers and 1 sippy cup can be produced with 0.25 workers. In Bedrock, 1 binky can be produced with 1 worker and 1 sippy cup can be produced with 0.50 workers. a. What is the opportunity cost of producing ..
a firm in a market characterized by many buyers and one seller. MC represents the initial marginal cost, MR the initial marginal revenue, and D the initial demand curve of the firm in equilibrium.
If both policies lead to the same amount of pollution reduction, why might producers prefer the tradable-permit option?
In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example.
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