Purchase Solution

Federal Government's Role and Market Structures

Not what you're looking for?

Ask Custom Question

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 any differences or special situations.

Purchase this Solution
Solution Summary

Principles of microeconomics are discussed.

Solution Preview

1. The Federal Government will have to play a special role in regulating monopolies. A monopoly is characterized by the following features:

(a) Single, or single-dominant firm.
(b) Barriers to entry and/or exit.
(c) Economic profit.
(d) Price control.
(e) Product has no close substitute.

Now, in such a case in the absence of regulation firms can decide whatever price they want and consumers will have no other option but to pay that ...

Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

View More Free Quizzes
Related BrainMass Solutions

  • Adult Education and Training Programs

    What is the federal government's role, if any, in providing equitable access to adult education and training programs? Provide support for your position.

  • What is the government's role in adult education and training?

    401664 What is the government's role in adult education and training? What is the federal government's role, if any, in providing equitable access to adult education and training programs? Provide support for your position.

  • Reliance on the Government to Solve Environmental Problems

    What are some of the government's limitations? Take a stand on the role and usefulness of government regulations on business activities.

  • Federal Reserve, fiscal and monetary policy

    357620 Federal Reserve, fiscal and monetary policy There is no doubt that the Fed, the Central Bank of the United States, plays an enormous and often successful role in the economy. Can they do something about the budget deficit?

  • Effects of open-market transactions by the Fed

    403038 Federal Reserve Spending & Consequences 1. Suppose the Federal Reserve sells government securities from its existing holdings to the financial sector and the non-bank public.

  • politics of progressivism

    As you explore this massive topic, please allow some of my notes to guide you: You might note that Roosevelt was deemed as the first progressive American president, He saw the government's role in terms of labor and corporations as a mediator of sorts

  • Specific Financial Management in Healthcare

    However, non-profit hospitals can issue tax-exempt bonds and can accept tax-deductible contributions. Haughton, J. G. (1968). Government's role in health care past, present and future. Journal of the National Medical Association, 60(2), 87-91.

  • Health Care Policies

    The federal government's role in health care policy has traditionally been limited with Medicaid and Medicare previously the largest roles that the federal government played in the system In addition, federal and state governments collaborate with accrediting

  • Current US FInancial Standpoint

    Concerning the market and its reaction to the idea of lessening QU, markets always react this type of way (go down) to some bad news about something so important to our current economic and market growth.

View More Related Solutions