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Using the ITT Tech Virtual Library, research information on companies that have engaged in monopoly behavior, such as Microsoft, Google, or Wal-Mart, and explain how society has been affected by the monopoly behavior using that information. In your analysis include the following points, providing specific examples where appropriate: = Discuss the current monopoly to provide a brief overview of the company. = How did the monopoly arise? Did the monopoly increase barriers to entry? = Does the company behave like a monopoly or more like a competitive firm? = Has the monopoly been cited for monopoly behavior? If so, discuss the behavior and the final outcome of the case.
Gatekeeper models of MCOs require patients to see a primary care doctor before going to see a specialist. What two key economic principles would be involved in a successful gatekeeper program?
While virtually anyone with a degree in college chemistry could replicate the industry's formula, due to the relatively high cost, Semi-Salt has decided not to apply for a patent.
Sketch the monopolistically competitive firm's demand curve by plotting one point on the horizontal axis and a second point on the vertical axis.
Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run.
What would be the new equilibrium in this economy if Investment increased by $12.
Elucidate the marginal cost of a string. Compute marginal revenue and marginal cost for each quantity.
The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?
Explain which intellectual property appears the most difficult for a business owner to protect. Provide support for your answer.
Calculate Pete's marginal and average cost schedules. What are Pete's profit-maximizing output and price? What is Pete's economic profit? Explain your answer.
Explain how do the life-cycle hypothesis also the permanent income hypothesis resolve the seemingly inconsistent pieces of evidence regarding consumption behaviour.
Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy. Illustrate what effect would your suggestions have on production and employment.
Explain how this may be related to the problem of adverse selection. What could banks do to try to reduce this problem?
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