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Watch the video for this week. Governments need to intervene in the markets in cases of market failure. In the case of rising gasoline prices, should the government intervene and impose a price ceiling? What would be the economic effects of this? Discuss the pros and cons, but remember to keep your discussion focused on the economics of the situation.
https://www.youtube.com/watch?v=RxuYVyo7GKs
Explain We are busy producing and marketing profitable products for society to enjoy and Now you want us to provide legal services
The marginal cost of a rental is $1. Suppose the town government places a $1 tax on all video rentals. What effect will the tax have on the price the monopolist charges? What will be the pass-through rate?
Describe in detail what additional oversight procedures must be placed over the banking industry in this country.
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Consider back on your experience and make about an example of each you were subjected to. Motivators can either be positive or it can be negative.
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