Public services if the government has competition

Assignment Help Business Economics
Reference no: EM132335827

Question

If the government, and through the enforcement of antitrust laws, believes the presence of competition in the marketplace achieves the highest level of market efficiency and fosters economic growth, why do governments have monopoly in providing some services such as DMV offices, professional licensing, business licenses, policing, public transportation, etc.? Is there efficiency in the government monopoly model? Or is there a room for improving efficiency in government agencies? Do you think we will have better public services if the government has competition?

Reference no: EM132335827

Questions Cloud

Recommended eliminating the playoffs and just crowning : Some owners have recommended eliminating the playoffs and just crowning the regular season leader as the league champion. Why might this be a bad idea?
Hospital rather than the competition : What factors would you consider in evaluating the wisdom of supporting his request?
Population buying substitute products : How has the demand for milk been impacted due to the population buying substitute products? Soy, almond, etc.
Model this situation as a two-person prisoner : Model this situation as a two-person prisoner's dilemma in which the strategies are to study a little and to study a lot, and the players are the male student
Public services if the government has competition : Or is there a room for improving efficiency in government agencies? Do you think we will have better public services if the government has competition?
Innovative approach to produce a quality commodity : Can you think of a company/supplier/store/manufacturer/producer that has used a unique/innovative approach to produce a quality commodity (high utility)
Employees wages above reservation wage : Explain why incomplete contracts regarding effort may lead to profit-maximising firms offering employees wages above their reservation wage.
Money market and certificates of deposits : What are some ways in which you can find the 'best' Checking, Savings, Money Market and Certificates of Deposits? What is your opinion of Credit Unions?
What is the equilibrium price and quantity : The demand for a good is P= 80 - 3Q. The supply is P= 40 + 5Q. Assuming a perfectly competitive market: a) What is the equilibrium price and quantity?

Reviews

Write a Review

Business Economics Questions & Answers

  Difference between positive and normative economics

Explain the difference between positive and normative economics and how this affects ethical decision making Briefly define the following two terms in your own words: Positive economics Normative economics For the sake of argument (and this assignmen..

  Accelerator influence both aggregate demand and supply

How does the Financial Accelerator influence both aggregate demand and supply? How is Bernanke & Gertler’s analysis pro-cyclical?Consider the following functions: Qd = -4P + 190 and Qs = P - 10. Further assume that the government has institutes a pri..

  What is the new critical value for calculation

What is the 99% confidence interval? What is the new critical value for this calculation?

  Suppose bank has demand deposits

Suppose a bank has demand deposits of $2500, excess reserves of $125, and a reserve requirement of 25 percent. what is the loss in the money expansion process of the whole banking system if the bank decides to lend out only $100?

  Calculate the price per share for coca-colas stock

Suppose that Coca-Cola is currently paying a dividend of $1.75 per share, the dividend is expected to grow at a rate of 5% per year, and the rate of return investors require to buy Coca-Cola’s stock is 8%. Calculate the price per share for Coca-Cola’..

  Do higher saving rates affect long­run economic growth

Do higher saving rates affect long­run economic growth? Explain. Do higher investments in research and development affect long­run economic growth? Explain. Explain with the help of a graph how the efficiency wage might cause unemployment.

  Exactly equal the stream of installments

Assume I won 100 million dollars in a lottery that pays installments of 20 million dollars a year for five years or a lump sum of less than 100 million dollars. If I take the installments, my first installment would come the day I claimed my winnings..

  Explain ways in which stereotypes can influence memory

What are common stereotypes of the specific minority groups explained in the training guide? How may one differentiate those stereotypes from accurate descriptions of the minority groups?

  Calculate the present worth of the equipment

Calculate the present worth of the equipment described in question 4 given a 10% discount rate. An entrepreneur has found a way to turn straw into gold, but he needs $5 million to create the necessary machinery. He wants to earn a 25% rate of return ..

  Resale price maintenance or predatory pricing

Complete the following table by indicating whether each of the scenarios describes the concept of tying, resale price maintenance, or predatory pricing. Scenario Tying Resale Price Maintenance Predatory Pricing Cubit is the only firm producing office..

  Actual sampling distribution mean equals

A teacher needs to grade 200 exams. She claims that exams require an average of 12 minutes to grade with a standard deviation of 3 minutes. A random sample of 36 exams is selected. Suppose the sample mean is 11 minutes. What is the probability that t..

  What is the future worth of the stamp collection

After 10 years of stamp collecting, what is the future worth of the stamp collection?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd