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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.(Hint: Both Microsoft and Wal-Mart have been found guilty of monopoly behavior.)
Utilizing the info above, which country has a comparative advantage in producing cars and which has a comparative advantage in producing trucks.
Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that the price paid for a unit of labor is $20 (W = $20), and the price..
1. Why does not a political equilibrium lead to efficiency in the way that equilibrium in private goods markets does 2. Why is a voter in the "middle of the pack" likely to be satisfied with the outcome of political decisions
Explain how do governments borrow funds to finance deficit spending. What is likely to happen to interest rates in the market.
Describe what economists mean when they say government purchases are 'exhaustive' expenditures whereas government transfer payments are 'nonexhaustive' expenditures.
What are the advantages and disadvantages of a fixed exchange rate system. What are the pros and cons of a floating exchange rate system.
Does the structure of global economy permit poor nations to catch up with rich ones? Is the Solow model a useful framework for understanding whether poor nations tend to catch up with rich ones?
Is the subsiquent events cause the dollar to appreciate or depreciate against the Euro.
Explain how the US government managed to accumulate a debt of over 14 trillion. To whom does it owe this debt? Is the debt a burden on future generations?
We assume there are no lump-sum taxes and no dividend income: ? = T = 0. We assume h = 1 and the wage rate w = 1. There is a consumption tax such that for each purchased unit of consumption, the consumer needs to pay 1 +t units where t goes to the..
Explain why do you think we have laws that prohibit discrimination in pay based on sex or race but permit employers to discriminate in pay based on education or experience.
what is likely to happen to the curve if wage indexation becomes more widespread? Illustrate your answer on the graph.
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