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Discussion
Read the article Facebook faces the tragedy of the commons and answer the following questions.
1. In your use of social media, have you had to deal with or witnessed undesirable behavior of others? If so, give some examples. Is this behavior akin to a type of externality?
2. Do you think the providers of social media should regulate the behavior of users? If not, why not? If so, how?
Attachment:- Facebook facesthe tragedy of the commons.rar
Martin Company faces a fixed cost of $600,000; an average variable cost of $2. The unit price of the good sold by Martin Company is $3. To break-even, Martin Company has to produce NEED ANSWER quantity of goods. If the company wants a target profit o..
q1. the city council realizes that the telephone company could curtail pay phone service in response to the ceiling. to
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Demand: P= 50-QD and Supply: P= 25+QS Assume that the government levied a 25% tax on the suppliers of mangoes. Illustrate graphically the different economics effects of the tax. CALCULATE AND COMPUTE THE DEADWEIGHT LOSS AND TAX BURDEN.
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If the demand for smart phones is price inelastic,
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What is the Sherman Act? Why did it come into being? What kind of joint and unilateral activities are illegal according to the Sherman Act? Give three examples
Can you go into detail explaining your answer and how you came to that conclusion to help me better understand.
If you incur sunk costs, you are vulnerable to post-investment hold-up. Explain what this means and provide a new example (one not in any of the class materials) to illustrate.
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