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Think of two examples of pure monopoly in the real world-one of a public good and one of a private good. Then, with reference to both examples, post a response to the following:
1. Can both monopolies continue endlessly? Why or why not for each example?
2. What factors could cause the monopolies to end?
3. Is there a difference between the public monopoly and a private monopoly?
If the demand for corn rise due to its use as an alternative energy source, what will happen to supply of corn's substitute such as soybean?
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medical schools and hospitals are heavily involved in the training of new physicians. after prospective new physicians
6. What is the capitalized equivalent amount worth, at 8% annual interest compounded semiannually, for a present initial cost investment of 50,000 a series of semiannual positive disbursement of 5,000 that extent to infinity and in 12 years th..
You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is..
select an organization that interests you. state the nature of this interest in your memo . it can be a publicly owned
Suppose the government reduces taxes by $20 billion, that there is no crowding out, and that the marginal propensity to consume is 3/4. a) What is the initial effect of the tax reduction on aggregate demand
What share will be paid by the consumer in the long run? How about the short run? Provide some intuition for why these are different.
Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range
Describe why the following is an example of monopolistic competition: There are a number of fast-food restaurants in town, and they compete fiercely.
The U.S. Entergy Information Agency supplies current and historical data for world crude oil prices. Look both at current and historical data on world crude oil prices. Over the last six months, do you think the price of crude oil has produced an ..
using diagrams the likely effect on the market for traditional butcher servicesdraw a diagram that shows the main
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