Homework Answers
20. Taxing the company who is polluting the environment through production is a direct method to control the pollution.
Answer: option (b).
21. In competitive market there are large number of firms and none of them have power to set the price of their products or simply have no market power.
Answer: option (a).
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| Question 20 Assume a company is heavily polluting the environment. What is an example of...
18 20,21,22,23 Question 18 2 pts The marginal revenue received by a firm in a perfectly...
18 20,21,22,23
Question 18 2 pts The marginal revenue received by a firm in a perfectly competitive market: O is greater than the market price. O is equal to its average revenue. increases with the quantity of output sold. is less than the market price. Question 20 2 pts An individual firm in a perfectly competitive industry faces a demand curve with O unit elasticity O elasticity greater than zero but less than one. zero elasticity infinite elasticity Question 21...
Please help with these questions Question 1 0.16 pts Siyed, an economics student, believes that a...
Please help with these questions
Question 1 0.16 pts Siyed, an economics student, believes that a beer sold by one particular shack on the beach is completely different from an identical beer produced by the same factory and sold by the luxury hotel adjacent to the shack. Siyed most likely thinks that O the luxury hotel is a monopoly seller of the been O the shack is in a perfectly competitive industry, but the luxury hotel is in an oligopoly...
Please help with these questions Question 9 0.4 pts Assume that two firms (Firm A and...
Please help with these questions
Question 9 0.4 pts Assume that two firms (Firm A and Firm B) operate in the U.S. steel industry. The owner of Firm A writes the following letter to the owner of Firm B: Dear Owner of Firm B I have concluded that if we both restrict output such that we each produce only 3 million tons of steel per year, we can both charge a price that will allow us to effectively monopolize the...
Please do all seven thank you!! Question 2 Inconect The problems of high prices, inefficient production...
Please do all seven thank you!!
Question 2 Inconect The problems of high prices, inefficient production inefficient allocation of resources, and lack of change/innovation are most likely to occur in what market structure? . 0.00 points out of 100 Select one a monopoly Pflag question b. none of the above this combination of problems cannot happen together in one market structure c oligopoly d. monopolistic competition e. perfect competition on 3 incorrect If there are significant barriers to entry, then...
Question 22 On the chart below the environment case for the Jones company can be observed....
Question 22 On the chart below the environment case for the Jones company can be observed. The dotted line demonstrates a broad gap between investment (M) in reducing pollution and the benefit gained (MB) by the investment. What scenario does this illustrate, as it relates to the marginal cost of reducing pollution? MC MB Environmental Protection Extensive Pollution Select the correct answer below: A broad separation between marginal cost and marginal benefit curves indicates that there are ways to reduce...
Economic quizs, please help check my answers. UNIVERSITY JON Question 1 Ia member of a cartel...
Economic quizs, please help check my answers.
UNIVERSITY JON Question 1 Ia member of a cartel is the first to alert authorities to the cartel behavior, which of the following w occur to this member firm? Not yet answered Points out of 1.00 P er question 3 10 11 12 Select one: • A. The firm will not be penalized. B. The firm's most senior managers will face jail time. 5 16 17 18 C. The firm will face significant...
1. In what ways was Microsoft’s behaviour (a) against the public interest; (b) in the public...
1. In what ways was Microsoft’s behaviour (a) against
the public interest; (b) in the public interest?
2. Being locked in to a product or technology is only
a problem if such a product can be clearly shown to be inferior to
an alternative. What difficulties might there be in establishing
such a case?
etwork effects Microsoft is a vertically integrated
firm (see page 87), with a dominant position in the operating
system market (i.e. Windows) and in certain application...
QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match...
QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match each type of degradation discussed to the type of consequence suggested in the textbook. (Answer based on what the book says, not based on your personal opinion.) Air pollution A., is killinig humans 8,..isklin the earth Land poliution Water pollution address chiticar Watel Air Pollution Air pollution occurs when the release of materials to the atmosphere cannot be safelv disposed of by natural processes....
Hello I need question 3 with 3/4 of a page. There are two documents as you...
Hello I need question 3 with 3/4 of a page. There are two
documents as you will see.
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However,...
Please, can you provide a one-page answer to question number 3! This component is essential! unheuser...
Please, can you provide a one-page answer to question number 3!
This component is essential!
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However, they can often...
18 20,21,22,23
Question 18 2 pts The marginal revenue received by a firm in a perfectly competitive market: O is greater than the market price. O is equal to its average revenue. increases with the quantity of output sold. is less than the market price. Question 20 2 pts An individual firm in a perfectly competitive industry faces a demand curve with O unit elasticity O elasticity greater than zero but less than one. zero elasticity infinite elasticity Question 21...
Please help with these questions
Question 1 0.16 pts Siyed, an economics student, believes that a beer sold by one particular shack on the beach is completely different from an identical beer produced by the same factory and sold by the luxury hotel adjacent to the shack. Siyed most likely thinks that O the luxury hotel is a monopoly seller of the been O the shack is in a perfectly competitive industry, but the luxury hotel is in an oligopoly...
Please help with these questions
Question 9 0.4 pts Assume that two firms (Firm A and Firm B) operate in the U.S. steel industry. The owner of Firm A writes the following letter to the owner of Firm B: Dear Owner of Firm B I have concluded that if we both restrict output such that we each produce only 3 million tons of steel per year, we can both charge a price that will allow us to effectively monopolize the...
Please do all seven thank you!!
Question 2 Inconect The problems of high prices, inefficient production inefficient allocation of resources, and lack of change/innovation are most likely to occur in what market structure? . 0.00 points out of 100 Select one a monopoly Pflag question b. none of the above this combination of problems cannot happen together in one market structure c oligopoly d. monopolistic competition e. perfect competition on 3 incorrect If there are significant barriers to entry, then...
Question 22 On the chart below the environment case for the Jones company can be observed. The dotted line demonstrates a broad gap between investment (M) in reducing pollution and the benefit gained (MB) by the investment. What scenario does this illustrate, as it relates to the marginal cost of reducing pollution? MC MB Environmental Protection Extensive Pollution Select the correct answer below: A broad separation between marginal cost and marginal benefit curves indicates that there are ways to reduce...
Economic quizs, please help check my answers.
UNIVERSITY JON Question 1 Ia member of a cartel is the first to alert authorities to the cartel behavior, which of the following w occur to this member firm? Not yet answered Points out of 1.00 P er question 3 10 11 12 Select one: • A. The firm will not be penalized. B. The firm's most senior managers will face jail time. 5 16 17 18 C. The firm will face significant...
1. In what ways was Microsoft’s behaviour (a) against
the public interest; (b) in the public interest?
2. Being locked in to a product or technology is only
a problem if such a product can be clearly shown to be inferior to
an alternative. What difficulties might there be in establishing
such a case?
etwork effects Microsoft is a vertically integrated
firm (see page 87), with a dominant position in the operating
system market (i.e. Windows) and in certain application...
QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match each type of degradation discussed to the type of consequence suggested in the textbook. (Answer based on what the book says, not based on your personal opinion.) Air pollution A., is killinig humans 8,..isklin the earth Land poliution Water pollution address chiticar Watel Air Pollution Air pollution occurs when the release of materials to the atmosphere cannot be safelv disposed of by natural processes....
Hello I need question 3 with 3/4 of a page. There are two
documents as you will see.
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However,...
Please, can you provide a one-page answer to question number 3!
This component is essential!
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However, they can often...
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