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Monopoly
Select a press article in which the case of a company accused of engaging in monopolistic practices is presented and discuss the article offering its economic analysis according to the type of analysis that the authors of its textbook presented on p.317 on Reading between the lines of p. 316. Your analysis should answer the following questions.
1. What are you accusing the company of the news?
2. Why are the monopolistic practices accused of being bad?
3. Who is being harmed? How?
4. Why is monopoly considered illegal in almost every country in the world? What is the theoretical basis for regulating monopolistic practices by the government?
Attention: This week's theme aims to give you the opportunity to reflect on the different competitive environments in which different industries operate. To do so, it should explore the implications of these environments on prices and quantities offered and demanded and, consequently, on social welfare (measured through producer and consumer surpluses).
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
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"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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