Monopoly or oligopoly-benefit the society
Problem: Provide an example of a case where having a monopoly or oligopoly may actually benefit the society.
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America spends more on each student in public education (k-12) than any other developed nation and yet performs at the bottom of every international student achievement test.
Trade liberalization makes poor countries worse off because it displaces domestic production. It would be better to protect the fledgling domestic manufacturers from import competition in order to promote industrial development.
The government has three agencies that forecast the impact of legislation and information so the administration and Congress can make policy. According to the websites of Congressional Budget Office (CBO), the Office of Management and Budget (OMB)
Question: How do you explain the fact that china had a much more highly developped economy than most of the rest of the world in the year 1000 AD?
Discuss the advantage of dynamic pricing over fixed pricing. What are the potential disadvantages of dynamic pricing? If you were in charge of pricing strategy, what pricing strategy would you use and why?
A) If Ageless Corp. behaves as a profit maximizing monopoly, determine the price and quantity that prevails in this market. B) Determine the socially efficient price and quantity in this market.
Question: How do compensation and bonus policies impact an Investment Advisor's ethical decision making?
Reflect on the BP oil spill as it relates to the global supply chain - Examine the use of current transportation economic situations such as the 2010 BP oil spill in the Gulf of Mexico.
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