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1. Is the online book retail (e.g. Amazon.com) industry qualified as a perfectly competitive market by the four market characteristics listed in the lecture note? If not, what characteristic(s) is (are) not met?
2. There are so many companies having websites to sell their products. However, not every company is successful in online retail. In your opinion, what are the common characteristics of products which can be sold successfully in online retail? Please provide at least one example and explain your answer.
3. Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry? Explain your answer.
Please answer all the three questions by one paragraph for each in one posting.
Douglas Boats is a supplier of boating equipment for the states of Oregon and Washington. It sells 5,000 White Marine WM-4 diesel engines every year. These engines are shipped to Douglas in a shipping container of 100 cubic feet, and Douglas Boats ke..
Under the contract, Floyd promises to pay Evermore the amount that will be due Delany until his debt to Evermore is paid.
Greg Mankiw wrote in 2007 on the eve of the global financial crisis, "Congress made its most important contribution to taming the business cycle back in 1913, when it created the federal reserve system. Today, the Fed remains the first line of defens..
What is it meaning when the equilibrium price drops by 50%? How would this change impact the demand for the product?
A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 X age + 1,300 X years education + 0.116 X household wealth. Explain how to interpret the numbers in this model.
Describe racial profiling and racially biased policing. Explain why these phenomena have become significant issues in policing. What steps have been taken to eliminate racial bias among police?
How an investor chooses the best portfolio of stock to hold?
Consider a project that cost $100,000 and yields a return of $30,000 for five years. At the end of the fifth year, there is a cost of $20,000 to dispose of the waste from the project. Should the project be undertaken if the discount rate is 0? 10 per..
Analyze the dynamics of supply and demand to anticipate market equilibrium. Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies
Suppose the economy slips into a recession and the Fed takes action to stimulate the economy. What would specifically would the Fed normally do if they took an active approach to monetary policy (don’t base your answer on the most recent recession wh..
Provide an example of a positive production externality, either one you have read about or found through research, or one that is hypothetical. The example should clearly state what benefit arises out of the production, and how this benefit without t..
Define the following concepts and describe their relationship to one another:
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