Q1. Elucidate how did the invention of crack cocaine transform the urban street gang?
Q2. Some industries seem to always have higher overall profitability than other industries. Why is this?
Q3. Assume the personal computer organization is perfectly competitive also currently in long-run equilibrium. This year, all the industries in the organization are purchased by a corporate raider, who then operates the organization as a monopoly also seeks to maximize profits from the sale of computers. Which of the subsequent is a likely consequence of the monopolization of the organization?