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Q. Point out one product that you believe is produced by a "pure" monopoly firm (or a firm with a high degree of monopoly power). Is it a local, regional or national monopoly? What are some of the Barriers to Entry into this industry? For the product listed, list substitute(s) for this "monopolies." Demonstrate how the relative "closeness" of the substitutes listed determines, to a large degree, effective limits to the monopoly power of these firms.
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
There are two identical firms in this economy with constant marginal costs equal to 1 and no fixed costs. Assume that firms set prices and follow a Bertrand model to do so.
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
How many tickets to sell to maximize total welfare.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
What steps can Congress and state legislatures take to alleviate a serious national shortage of skilled providers. Research suggests medical errors have been linked to inadequate staffing.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
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