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The beer industry of the United States is separated into two main strategic groups that are Anheuser-Busch and MillerCoors. These two big companies enjoy 50 percent and 29 percent of the market share, correspondingly. And the major brewers' primary products are made of premium and sub-premium beer.
1. How might market concentration benefit consumers? How might it hurt consumers?
2. Should government regulators do more to limit concentration? Why don't they?
Why does the entry of new firms occur in a competitive market when price is above average cost for the existing firms? Provide real world examples.
Calculate total economic surplus under monopoly also competition. The difference is the social cost of monopoly
What did Karl Marx believe were the positive accomplishments of the bourgeoisie? According to Marx, how had the bourgeoisie and capitalism degraded freedom and human relations? Why did he believe that capitalism is doomed?
Elucidate would you suggest he buy more jeans and fewer t-shirts, or more t-shirts and fewer jeans.
Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:
Explain the 3 different cases where utility is maximized when you have perfect substitutes. Include a graph for each. (Hint: consider slopes.)
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
Assume that in the next year the economy will experience high growth (20% probability), normal growth (40% probability), or a recession (40% probability). According to these numbers, what is the expected return on stocks over the next year? If one-ye..
A rural subdivision has several miles of roads that need a new surface treatment. One option is a gravel base and pavement with an initial cost of $500,000 that will last for 15 years and has an annual maintenance cost of $100/mile. Compute the numbe..
To counteract the recent crisis, the Federal Reserve has increased the monetary base by trillions of dollars. However, the total money supply in the economy has not increased significantly. Explain this paradox using the model of money supply.
Suppose a war breaks out in the Middle East, which raised the price of gasoline in the United States. How would this impact the supply and demand for gasoline in the Unites States? Please illustrate using a graph and explain in words.
Construction-based business of your choice and explain stakeholder theory to illustrate the primary interests of the stakeholder groups and identify any areas of potential conflict between the stakeholder groups.
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