Instructions for Homework #6: Externality, Market Failures and Economic Regulation Please write a short essay on economic externalities, market failures and economic regulation. You should address at least the following issues in your essay: What are externalities? How do they cause market failures? What kind of regulations i
Details: Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30%. How would you describe this industry? Suppose the demand for the product rises and pushes up the price for the good. What long-run adjustments would you expect following this
3-4 Paragraphs Details: Sometimes market activities (production, buying and selling) have unintended positive or negative effects outside the market's scope. This is called an externality. Suppose that you are a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant. What
What's wrong with the following statement? The only good regulation is one that's been deregulated.
1. a. Summarize a specific municipal solid waste problem in your hometown (Northern California) or one that has recently been reported in the media. Use the specific stages of the waste stream in your discussion. b. What policies have been proposed or implemented to address the problem your describe? Analyze these policies
In 1995, antitrust authorities claimed that the personal finance/checkbook software market was concentrated. Intuit's software, Quicken, was the top seller in the market with a market share of 69 percent. Microsoft's software, Money, was second with 22 percent of the market. Together, the Intuit and Microsoft market share was 91
Within the internet, or other sources locate a current event article that relates to antitrust activities or government regulations. Analyze the economic and ethical implications of the article event. Please consider in including: the market outcome, political impact on economic behavior, social diversity, technologic
1. When a university decides to add to the football stadium instead of adding to the baseball stadium, it faces a. "What" tradeoff. b. "How" tradeoff. c. "For whom" tradeoff. d. Macroeconomic question. 2. Which of the following is a normative statement? a. Next year's inflation rate will be under 4 percent. b. Cons
Provide an economic profile of the home building industry. Include an industry profile, industry size information, and current development and trends within this industry. How does the economy effect the home building industry? What are economic influences that affect the industry in a negative way? Bullet points only, Not more
Is there too much government regulation today? Why or why not? In place of government regulation, would it be better for business if it was regulated by trade associations, certifications, and professional societies? Why or why not?
1. Both antitrust policy and industrial regulation deal with monopoly. What distinguishes the two approaches? How does the government decide to use one form of remedy rather than the other? 2. Suppose a merger of firms would simultaneously lessen competition and reduce unit costs through economies of scale. Do you thi
1) Which of the following is a normative statement ? A) Next year inflation rate will be under 4%(B) Consumers will buy more gasoline over Christmas Holiday even if the price of gas is 10 cent higher than it was during the Thanksgiving Holiday(C) the government cuts in welfare spending impose an unfair hardship on the poor.(D)
A. Identify advantages and disadvantages of being a member of the North American Free Trade Agreement (NAFTA) and the Latin-American Integration Association (ALADI) regional trading blocs. Identify membership conditions for NAFTA and ALADI regional trading blocs and determine whether these will have a positive or negative
1) Compare and Contrast the Antitrust Law and Economic Policies of Europe and the Common Market with that of the United States. Include a brief discussion of the history and the development of these policies including the relevant laws that were enacted to achieve economic objectives. Explain the difference between structure
Evaluate how Paypal.com establishes its credibility. In particular, how does it: ? Establish itself as professional and competent, ? Establish its security in making transactions and handling individual data?
What is an externality? Give 3 examples and recent policies to resolve them.
Consider a shop that produces bagels in a monopolistically competitive market. The graph below shows its demand curve (labeled Demand), marginal revenue curve (labeled MR), marginal cost curve (labeled MC), and average cost curve (labeled AC). Assume that the company is operating in the short run. See attached files for full
Do labor unions have a role to play today? How important is this role? Is the role of labor unions changing or evolving over time? Will they "look different" and "act different" in the future.
Is there too much government regulation? Instead, should trade associations, certifications, and professional societies regulate companies?
Why may a government's solution to a market failure worsen the market failure? Can you think of any examples that apply to this?
Details: Upon your return home, you receive an invitation to speak to a class at the local high school. You are to be part of a panel of three local people considered to have experience in international business. The question you are assigned to answer is "What are some obstacles to successful international economic policy coord
Does free trade encourage pollution as corporations build factories and plants in countries with moe lenient air and water pollution controls? Or does it encourage higher standards, as better controls and higher standards are brought in with the growing corporations? The CEO and COO in the USA hope to use your writing and ex
Environmentalists argue that trade liberalization harms the environment. The decisions of the World Trade Organization (WTO) in particular have been the subject of much criticism. 1. Trade liberalization conflicts with morally-conscious environmental policies. Note: I am "for" this statement. So the argument is to ba
1. Select a company that uses (or has used) dynamic pricing.Briefly explain how the company uses dynamic pricing. Discuss the benefits and drawbacks of dynamic pricing for that particular company. Conclude with a summary of your findings. You have been contracted by a competitor of SBC to conduct some background research o
What are two factors that cause the (S)AS curve to shift?
The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico whose purpose is to eliminate tariffs between the countries and promote all aspects of international trade. There are many arguments for and against the treaty. One of the arguments against centers on the fact th
Does free trade harm the environment? Environmentalists argue that trade liberalization harms the environment. The decisions of the World Trade Organization (WTO) in particular have been the subject of much criticism. Carbaugh1 has described environmentalists' three primary assertions: Trade liberalization leads to a
Conduct some background research on SBC. Specifically. Research, compare, and explain the similarities and differences of the breakup of the AT&T/Bell System antitrust problems that occurred in the 1980s to the recently similar problems with SBC/Ameritech.
Does free trade harm the environment? Environmentalists argue that trade liberalization harms the environment. The decisions of the World Trade Organization (WTO) in particular have been the subject of much criticism. Carbaugh1 has described environmentalists' three primary assertions: Trade liberalization leads to a "rac
Since Gov't imposes regulations on businesses for such things as safety regulations for workers, pollution controls on the amt of emissions, and requirements on access for workers with disabilities how might you answer the following questions? 1.How might these regulations be thought of as being a negative technological chang