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Assignment:
An electric power company regulated by the state is a monopoly enterprise.
(1)Suppose the regulator sets the price to reflect what the market will look like if it is competitive.
(2)Now suppose that the government wants to loosen its control on electricity and let it freely determine the electricity price it charges. How will this affect the demand of power companies for labor in the short term? If appropriate, please explain with illustrations.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
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Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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