Reference no: EM1375726
Question1. Do workers of monopolies get paid more compared to employees who do the similar work in other industries that are not monopolies?
Question2. What are some major ways that the "product is differentiative" among internet service providers?
Question3. What barriers to entry are there for the gasoline retail market?
Question4. If a firm has 90% of a market, is it a monopoly?
When considering YKK, what is the effect of considering Velcro, button, and snap products, in identifying YKK as a monopoly?
What idea am I trying to elucidate?
Question5.Why do governments "regulate" monopolies? (There are at least two reasons that I am fishing for.
Question6. Insurance companies are in oligopolies since state laws prevent nation-wide competition.
Note that in the health care reform that Congress is working on, the two most direct ways to lower insurance premium prices are not being implemented! That would be allowing national competition and limiting lawsuit damages.
How would these reforms lead to lower premium prices?
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Laws of supply and demand
: Determine what do the laws of supply and demand forecast would be the result of an immediate removal of rent control in terms of price of rental housing and quantity available?
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Case study - monopolistic competition and oligopoly
: Fronterra, created in 2001 by New Zealand lawmakers, profits some 13,000 dairymen instead of all the citizens of the nation.
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Distinguish oligopoly from monopolistic competition
: Describe how price regulation may improve the performance of monopolies. In your answer distinguish between socially optimal pricing and fair return pricing.
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Portion of the marginal cost curve
: Suppose labor costs are 17.5 percent of revenue per vehicle for General Motors. In union negotiations during the late 1990s, GM attempted to cut its workforce to rise productivity.
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Insurance companies in oligopolies
: Do workers of monopolies get paid more compared to employees who do the similar work in other industries that are not monopolies?
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Question about money supply and interest rates
: Determine what happens to the money supply, interest rates, and economy in general if Federal Reserve is a net seller of government bonds?
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Current economic regulations and processes
: Explain how a item might evolve from one market structure to another and what that means as to the value, competition and number for companies producing that product.
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Marginal decision making principle
: Provide specific example of how you used the marginal decision making principle to choose between two alternatives.
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Define natural monopoly
: Define a natural monopoly and what has happened to natural monopolies in recent years? Describe. Under which market structure does your type of business fall?
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