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Why was/were the firm(s) investigated for antitrust behavior? Identify some of the costs (pecuniary and nonpecuniary) associated with the antitrust behavior (firms having power in the market). Additionally, note the specific antitrust act (Sherman Act, Clayton Act, etc.) under which the violation was investigated. Given your research and findings, are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position. Provide at least one example of a case where having a monopoly or oligopoly may actually benefit the society
Marginal Benefit. List and explain at least one example where you actually have used or will use the marginal principle in your life (personal or professional). Here is an example of how I used this principle. I considered pursuing my doctorate degre..
Graph the demand curve on a standard supply and demand graph. What is the quantity demanded of corn at a price of $6.00 per bushel? at $4 per bushel? Using the midpoint formula for the price elasticity of demand, calculate the price elasticity of dem..
In a different competitive market, the market-determined price is $80. For a firm currently producing 1,000 units of output, short-run marginal cost is $100, average total cost is $100, and average variable cost is $75. Is this firm making the profit..
During the previous month, a firm produced 250 tablet devices at an average variable cost of $40 and at an average fixed cost of $10. What were the firm's total costs during the month?
Suppose you enter into a loan agreement to borrow $100,000 to help finance the purchase of a new home. The loan contract specifies a term of 30 years with monthly payments determined at a fixed rate of 6% APR. What is the amount of your monthly repay..
Vasco likes spare ribs, R, and fried chicken, C. His utility function is: U(C, R) = 40R^2C. His weekly income is $180, which he spends on only ribs and chicken. If he spends $20 for a slab of ribs and $10 for a chicken, what is his optimal consumptio..
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Discuss the advantages to using hierarchical addressing and its relevance to this week's VLSM topic. How does hierarchical addressing help with routing efficiency?
Calculate the impact of an increase in desired currency holdings (currency drain) on the money supply from 10% to 15% when the reserve ratio is 10 percent of deposits, and central bank’s balance sheet is presented below in billion dollars:
The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and the financial success of each motion picture varies considerably. Prepare a report (see below) using the nume..
Suppose current market federal funds rate is 0 percent. The interest rate on long term government bonds is 5 percent and risk premium for this bonds is 2 percent. Assume liquidity premium hypothesis and expectations hold. Explain how the Fed can boos..
Suppose that Alberta imposes a sales tax of 10 percent on all goods and services. An Albertan named Ralph then goes into a home improvement store in the provincial capital of Edmonton and buys a leaf blower that is priced at $200. With the 10 perc..
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