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You are the commissioner of the National Hockey League. You have been called to testify at an antitrust case against the NHL. Argue that (a) the NHL is not a monopoly and (b) even if it is a monopoly, it is a natural monopoly. Be sure to carefully explain your arguments using sound economics and graphs.
Which of the following is associated with asymmetric information in a financial crisis?
Use the midpoint method to Compute your cost elasticity of demand as the cost of DVD's
Recently American Airlines started charging $15 for each checked baggage. Why did the company simply not charge $15 to $20 more per ticket, and quietly avoid this publicity? responses to this topic.
q.in 1950s mahjong was illegal in taiwan. given the enjoyment of playing such a fun game this is surely inefficient.
show the effects of an increase in the Chinese purchases of U.S. Treasury bonds. How do these purchases affect the value of the dollar and of the yuan?
Give examples of government regulations that work and examples of government regulations that do not work. Explain why in each case. How does politics affect economic policies? Is it negative or positive?
Consider the following goods and services. Which are the most likely to be produced in a perfectly competitive industry? Which are not? Explain why you made the choices you did, relating your answer to the assumptions of the model of perfect competit..
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units o..
Competitive free marketplaces maximize the utility of those who participate in them; they also maximize society's total utility.
Using the general model of the monetary approach to exchange rate determination, consider the following scenario: Assume that real income grows at a rate of 3% in both the home country and the foreign country and assume the money supply grows at a ra..
What proportion of the tax will be paid by the suppliers of Martin guitars? How many guitars will be sold after the tax is imposed?
In the long run, which type of firm may follow a "price leadership": Inelastic long run markets demand is very important for this type of industry to survive and do well in the long run: Firms have excess capacity in the long run under? Under perfect..
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