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Will road tolls, a regional gas tax, and parking levies make Toronto streets less congested and the Toronto road system more efficient? Explain.
What externalities arise from smoking tobacco products and how do we deal with them?
Relative to incandescents, what is the external benefit associated with CFLs? Draw a graph to illustrate and explain why the market for CFLs is inefficient.
Draw a graph to illustrate and explain how government actions might achieve an efficient outcome in the market for bulbs.
How Arts Funding Is Done Elsewhere When Rick van der Ploege became Holland's secretary of culture in 1998. What external benefits are associated with the arts?
Draw a graph to illustrate and explain why the market for arts creates a deadweight loss.
Draw a graph to illustrate and explain how bursaries for foreign graduate students might improve efficiency.
Assuming the rice-exporting nations become a profit-maximizing colluding oligopoly, draw a graph to illustrate their influence on the global market for rice.
Bud and Wise are the only two producers of aniseed beer, a New Age product designed. Construct a payoff matrix for the game that Bud and Wise must play.
Describe the structure of the energy-drink market. How has that structure changed over the past few years?
Apple conspired with five publishers to undercut Amazon's 90 percent share. Explain why this conspiracy to raise prices violates the anti-combine law.
What strategies might each firm adopt? Can the firms adopt a strategy that gives the game a cooperative equilibrium?
Explain how this airline merger might (i) increase air travel prices or (ii) lower air travel production costs.
What are the strategies in this game? Construct the payoff matrix for this game. If the game is played only once what is the equilibrium?
Describe the strategies and the payoffs. Compare this game to the prisoners' dilemma. Are the games similar or different? Explain.
Why news clip implies that gasoline market is not perfectly competitive. What barriers to entry might limit competition and allow Reliance influence the price?
Sparks Fly for Energizer Energizer is gaining market share against competitor Duracell and its profit is rising. In what type of market are batteries sold?
Intel and Advanced Micro Devices make most of the chips that power a PC. What makes the market for PC chips a duopoly?
What punishment strategies might the players employ and how does playing the game repeatedly change the equilibrium?
Describe the payoffs for an R&D game of chicken and contrast them with the payoffs in a prisoners' dilemma game.
What is the equilibrium strategy for each firm in a duopolists' dilemma and why do the firms not succeed in colluding to raise the price and profits?
Why does a collusive agreement to restrict output and raise the price create a game like the prisoners' dilemma?
Describe the prisoners' dilemma game and explain why the Nash equilibrium delivers a bad outcome for both players.
What factors influence Under Armour's ability to make an economic profit in the cross-training shoe market?
Assuming that vineyards in these 40 villages are producing the same quality of grapes. Why will their land values jump markedly if this plan is approved?