Explore BrainMass


Legislation is the act of developing and making laws. The regulation refers to the rules and details of these laws. Economic legislation acts as the step between the formulation of an economic policy and implementation. Modern legislation uses the neoclassical approach to market analysis in order to assess the efficiency of new approaches¹.

Regulation can include the actions towards monitoring and enforcing economic policies and can exist in the form of self-regulation.  Regulations can create unintended costs as well as benefits. A regulation is efficient with total benefits are greater than total costs. Regulations are implemented when, for example, there is a market failure and regulations are then used to restore the efficiency of a market.



1. Sereno, Lourdes.  Understanding Law and Economics.  Retrieved from

Auto Edge - PEST Analysis

Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. You're meeting with Lester in his office to discuss the details of your presentation to the board next week. "Given all of the research that you have completed over the past severa

Alpha Wireless

A mid-sized American company wants to expand into a country where the payment of bribes is considered a normal part of doing business. The systems and products of Alpha Wireless have been selling well in its existing markets in North America and Europe. Alpha Wireless is eager to grow the business. At a strategy session, the

2008 U.S. economic financial crisis caused by sub-prime loans

Please help me answer these questions about the economic recession and the housing crisis. 1. How did the housing market affect the 2008 economic recession? 2. Discus How did the Banks influence the behavior of borrowers. 3. Briefly describe how the president and the government reacted to the 2007 to 2009 recession, and was

Economics in the Current News

Take some time to think about the ways in which your learning in this class relates to the real world. Has the knowledge you gained been valuable in helping you understand or evaluate events or policies? Are there any current events in the news that you can directly link to concepts or theories covered so far? Guided Response

Non-Price Barriers and Pricing Strategy

1. When using non-price barriers, you might encounter ethically challenging situations. How can an organization maintain market power and align with current values, legal requirements, and ethical standards? 2. Determine pricing strategy to meet organizational goals.

History of Rent Regulation

Please help with the following questions. Why would the city of New York elect to impose rent control, or a price ceiling on rent? Is it strictly a move to accommodate a diverse socio-economic demographic? Do tenants who occupy rent controlled buildings with a consumer surplus deserve to live there?

Are economic incentives the most ethical way to implement environmental policy?

In his book, What Price Incentives?, Steven Kelman suggests that from an ethical point of view, the use of economic incentives (such as emission charges or emissions trading) in environmental policy is undesirable. He argues that transforming our mental image of the environment from a sanctified preserve to a marketable commodit

market failure and government options

Find a current news article (within the last 6 months) that addresses a 'market failure' and write a summary covering the following points: a. Explain the nature of the failure (it may be a failure to adequately provide a public good, or a failure to distribute income fairly, or a failure to account for an externality such as

Monopoly case is presented: United States Postal Service.

1. A title page, and if necessary, a reference page. 2. You are to choose one existing monopoly that currently exists. 3. You are to provide a brief history of the monopoly, including how it came to be a monopoly. 1. Was it a monopoly that formed naturally or through vertical or horizontal mergers? 4. You need to, in yo

Environmental Protection Agency Policies

How the Environmental Protection Agency's policies impact business in the U.S.? Using a specific program, explain whether the program promotes business investments or discourages it? Please assist me with this

Assistance with 2 questions on microeconomics

9. Describe the sanctions that have been enacted by US laws to protect citizens from pricing actions that are not held in check by the Invisible hand? 10. How do the principles of microeconomics that you have leaned in this course apply to other nations?

Government Policy and Competition and International Public Policy in Economics

1. Google agreed to acquire ITA Software, a flight-information software company, for $700 million in cash, outmaneuvering other potential bidders in a deal likely to bring fresh antitrust scrutiny to the Web giant. Google said the acquisition of ITA, a closely held company that specializes in organizing airline data such as flig

Multiple Choice

I need some help with the following questions: 1. The mixed economy is the dominant economic system in the world because custom and religion have no influence on economic decisions in these systems pure capitalist economies have placed more control in the hands of individuals in recent years there is public (i.e., governme

Microeconomics questions

1. Suppose the U.S. government decides trim the budget a wee bit by eliminating a couple of departments (and their corresponding bodies of regulations). Gone are: The Food & Drug Administration (FDA) and the Occupational Safety & Health Administration (OSHA). Briefly describe consumers' and workers' behavior after these burea

Antitrust & Regulation Questions

I have a list of 5 questions I need your assistance on. Please include any external citations - other than Wikipedia - please. Just a rough idea on how to proceed would be great.

Federal Government and Market Structures

Please answer the following questions: 1. Describe any role our federal government might take in a particular product market structure and why citizens might want that government involvement; you can be personal and subjective in your opinions here. 2. Do the principles of microeconomics apply to other nations? Describe


I need about 400 words to describe this situation . i HAVE ATTACHED ONE OF THE PAPERS. The last paper before this is not due until 1/18/10 Part A - (plus 1 slide) a. Final recommendations 1) Price 2) Production 3) Composition of input see attached

Current market and market trends paper

I need 350 words analyzing the current market conditions of disney theme parks. Three areas I need are 1. competitors 2. supply and demand analysis 3. impact of goverment regulations. I also need 350 words describing market trends with disney theme parks. I need to adress how each of the following will change, not change , an

Role of government regulations--Walt Disney

Company/industry overview on your selected company or industry. Be sure to include a history of the company/industry or the market in which it operates; the role of government regulations on your company/industry, and issues and any opportunities the company/industry faces (Please apply a SWOTT analysis here). JUST NEED HEL

Managerial Economics

1. How would you expect antitrust authorities to react to: (a) a proposed merger of Ford and General Motors; (b) evidence of secret meetings by contractors to rig bids for highway construction projects; (c) a proposed merger of a large shoe manufacturer and a chain of retail shoe stores; (d) a proposed merger of

Implication of Pricing Strategy

Topic 1 You are asked to look around you and observe the pricing strategies businesses use to maximize their profits. This assignment will be a case study. Select a case* and describe its pricing strategy in detail. Analyse the rationale behind it using relevant economic theories. In your analysis, you are advised to include

Balance human suffering with the economic realities

Poor countries assert that patented drugs are too expensive for most of their people to afford. The issue becomes especially noteworthy over drugs for AIDS sufferers in Africa. Monthly drug expenses are above total income levels. Countries have been changing their drug laws to eliminate patent rights in certain cases. How do

Home Depot - Goverment policy, social diversity and business ethics

I am attempting to analyze the effects of government policy, social diversity, and business ethics for Home Depot. I am require to give a recommendation.Unfortunately am having extreme difficulty providing the information. Your assistance would be greatly appreciated but please be specific if you would because my understanding i

Which of the following is not characteristic of perfect competition?

1. Which of the following is not characteristic of perfect competition? A) a differentiated product B) no barriers to entry or exit C) large number of buyers D) complete knowledge of market price 2. Which of the following conditions would definitely cause a perfectly competitive company to shut down in the sho

Commerce Clause

Please answer the 5 questions in 200-250 words. The Commerce Clause Begins to Hit the Wall The powers of Congress are enumerated in Article 1 of the U.S. Constitution. Section Eight, the "commerce clause," reads: "To regulate Commerce with foreign Nations, and among the several States, and with Indian Tribes." The Foun

HydroPoint Market Trends

Prepare a 700-word paper in which you describe final recommendations for HydroPoint: Price Production Composition of inputs Explain your conclusions. Address how each of the following will change or will not change, and why: Use this website: And use