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What are intellectual property rights? How are they different from property rights to physical capital? Why has digitization been a hazard to intellectual property rights?
Assume that a competitive cell phone market has a demand curve described by the equation. What are the consumer and producer surpluses in this market? What is the deadweight loss (DWL) if a price ceiling is set at Pmax = $19?
there was a month were employment and the unemployment rate rose. Suppose the computations were correct, explain how is it possible for both to have increased.
If the government establishes a quantity subsidy on the consumption of a good, it means that the consumer has to pay for each unity of the good its price minus the subsidy. That is, the price of the good becomes, in the consumer’s point of view, p..
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Given the price elasticity of..
In the 2005 Virginia General Assembly, Virginia’s “estheticians”---those who give facial treatments, facial massages, skin analyses and the like---came in large numbers to the Capitol to make the case that their occupation should be licensed and regu..
Evaluate the capacity of the most common distribution channels available for the new product launch to provide consumers with easier access to the product. Speculate on the extent to which Golds Reling, Inc. could use each channel to meet profit goal..
Calculate the effective interest rate for each compounding frequency shown assuming the annual nominal interest rate = 21.6%.
How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality?
With the growth of the internet, there is a large number of online retailers as well as buyers in the online retail market. Why, given the growth of the Internet, would you expect to find that different firms would charge very similar prices for the ..
Which type of discrimination is easier to address legally—demand side or institutional?
What is the present worth of the savings over the next 5 years? Over the next 10 years?
Suppose that only one firm produces and sells soccer balls in the world. The following equations describe its demand, marginal revenue, total cost, and marginal cost curves: How many soccer balls does the monopolist produce? At what price are they so..
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