Project #37537 - Economics Questions

Q1 Give an example of a government created monopoly .Is creating this monopoly necessarily a bad public policy? Explain

 

Q2  Define natural monopoly. What does the size of the market have to do whether an industry is a natural monopoly?

Q3 What are the main differences and similarities between monopolistic  competition, monopoly and perfect competition?

Q4  Explain oligopoly giving one example around you. Is the oligopoly price any different than the monopolist price? Explain.

Q 5 (Consider This)  Why does a newspaper dispenser open to a stack of newspapers and essentially “trusts” a consumer to take just one copy whereas a soft drink vending machine does not “trust” consumers and dispenses one can for each purchase?

 

 

Subject Business
Due By (Pacific Time) 08/09/2014 12:00 am
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