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Read about an IPO within the two most recent years. How much money was raised? For what will the money be used?
Which outcome would benefit the economy more, Jane Wyler having a patent on all reusable dry-cleaning bags or Rick Siegel developing a cheaper reusable bag?
Mergers and Public Policy Under what circumstances, and why, would the government be opposed to a merger of two firms?
Consumers treat air travel like a commodity and meals on airlines are nonexistent. Does this mean that consumers have suffered because of airline deregulation?
Compare and contrast the public-interest and specialinterest theories of economic regulation. What is the capture theory of regulation?
What is the regulatory dilemma? That is, what trade-offs do regulators have to consider when deciding how to control a natural monopoly?
Business Behavior and Public Policy Define market power, and then discuss the rationale for government regulation of firms with market power.
Choose an article published in the most recent two years. Explain how the article illustrates the concept of moral hazard.
Is this consistent with the concepts of the median voter and rational ignorance discussed in this chapter?
Choose one article and analyze whether it is in favor of or opposed to government regulation. Summarize the article's arguments.
Read the article Obama Aide Is Aiming to Tighten Law on Antitrust. What does this article reveal about the role of politics in setting antitrust policy?
What was the government's argument in the Microsoft trial and what was the company's defense? Which side prevailed?
Competitive Trends in the U.S. Economy William Shepherd's study of U.S. industries showed a clear increase in competition., How did Shepherd explain this trend?
Between 2001 and 2009, how was the demand for lumber affected by the demand for housing? In what sense is the demand for lumber a derived demand?
In what sense is the demand for labor a derived demand? What is their goal, and what decision criteria do they use in trying to reach that goal?
Write a paragraph about one example of game theory being used to analyze economic behavior.
According to the article, are innovation-related activities enough to create product and service differentiation?
Case Study: Timely Fashions Boost Profits for Zara. Firms earn economic profit by offering a differentiated product. How does Zara differentiate its clothing?
Game Theory While grading a final exam, an economics professor discovers that two students have. Draw the payoff matrix. Which outcome do you expect? Why?
Collusion and Cartels Use revenue and cost curves to illustrate and explain the sense in which a cartel behaves like a monopolist.
Use a costand-revenue graph to illustrate and explain the initial short-run profits in the video rental business in monopolistic competition.
What benefits might cause consumers to prefer the monopolistically competitive result to the perfectly competitive result?
Nonwage Determinants of Labor Supply Suppose that two jobs are exactly the same except. How could you measure the value workers attach to such a job amenity?
Why is this response predominantly an income effect or a substitution effect? Explain.
Substitution and Income Effects Suppose that the substitution effect. What would the supply of labor curve look like over this range of wages? Why?