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Why is the government so quick to regulate monopolies and potential monopolies? What are the major concerns and evils that arise from this market structure?
Microeconomics, Economics
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Question: 1. How many ratios of exchange would an individual have to cope with in a barter economy with 276 different items available for exchange? 2. How many absolute prices would there be if one of the items available ...
Question: Some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the production of both, rather than oil alone as in our examples. Will fields with both oil and gas ha ...
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Question: Most restaurant customers tip according to a percentage rule-between 15 and 25 percent of the bill. Diners who have dinner and a $20 bottle of wine usually pay the same percentage of the bottle price as diners ...
Question: Consider a project that requires an upfront payment of $500. Suppose there is a 70% percent chance that the project is moderately successful and generates cash flows of $100 one year from now and $200 two years ...
Question: Suppose that real GDP is currently $17.1 trillion, potential GDP is $17.4 trillion, the government purchases multiplier is 2, and the tax multiplier is -1.6. • Holding other factors constant, by how much will g ...
Question: The English and the Vickrey auction are strategically equivalent, and the revenue for the seller is the same. Yet, in terms of the information received by the seller/auctioneer they are different. What is this ...
Question: TREATMENT OF MORTGAGE PAYMENTS For many families, their biggest monthly cost is the mortgage payment, so it would seem to be a very important part of consumption. However, that raises several methodological iss ...
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