Economics

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	Microeconomics(30 viewing)	44,772 Posts18,415 Topics	Last post by Buckait27 in Re: If the first copy co... on Jan 26, 2024
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Subject / Started by	Replies / Views	Last post
If a product has zero external costs, then marginal social cost equal marginal private cost. ... Started by urbanoutfitters	1 Replies 167 Views	Jun 29, 2018 by flannelavenger
What is a legal barrier to entry? What will be an ideal ... Started by jazziefee	1 Replies 69 Views	Jun 29, 2018 by ttt030911
Patents provide a firm with a monopoly on a given product. What is the economic rationale for ... Started by saliriagwu	1 Replies 64 Views	Jun 29, 2018 by frogdreck123456
The Coase Theorem points out that for an efficient outcome to result, it is irrelevant which party ... Started by eruditmonkey@yahoo.com	1 Replies 87 Views	Jun 29, 2018 by ky860224
Explain the law of diminishing returns. What will be an ideal ... Started by maegan_martin	1 Replies 48 Views	Jun 29, 2018 by amcvicar
The Coase Theorem states that externalities can always be eliminated by the market as long as ... Started by swpotter12	1 Replies 77 Views	Jun 29, 2018 by epscape
What is a natural monopoly? What will be an ideal response?[br][br][b][color=#165FFA]Question ... Started by bb	3 Replies 109 Views	Jun 29, 2018 by vickyvicksss
If a firm shuts down in the short run, will it have zero costs or not? Explain. What will be an ... Started by Davideckstein7	1 Replies 72 Views	Jun 29, 2018 by jrpg123456
If ration coupons are used to determine who gets the products available, what happens if the ... Started by HCHenry	1 Replies 80 Views	Jun 29, 2018 by gabrielle_lawrence
How is the average product of labor calculated? What will be an ideal ... Started by 2125004343	1 Replies 46 Views	Jun 29, 2018 by tdewitt
When external costs are present and government imposes a tax equal to the external marginal cost, ... Started by JMatthes	1 Replies 119 Views	Jun 29, 2018 by asware1
In the short run, when production goes up what typically happens to total variable costs? What ... Started by joe	1 Replies 82 Views	Jun 29, 2018 by alexanderhamilton
The government can aid in reducing pollution by using a policy of cap-and-trade, which means that ... Started by eruditmonkey@yahoo.com	1 Replies 58 Views	Jun 29, 2018 by Pswine
How does marginal revenue compare to price for a single-price monopoly? What will be an ideal ... Started by Anajune7	1 Replies 100 Views	Jun 29, 2018 by tuate
The problem of the commons is the absence of incentives to prevent overuse and depletion of the ... Started by Cooldude101	3 Replies 139 Views	Jun 29, 2018 by ndhahbi
What does the marginal revenue equal when a monopoly's total revenue is maximized? What is the ... Started by audragclark	1 Replies 159 Views	Jun 29, 2018 by peter
Assume that a very unusual production process involves increasing marginal productivity that appears ... Started by pane00	1 Replies 83 Views	Jun 29, 2018 by hanadaa
For a common resource, the marginal private cost of the resource is equal to the marginal social ... Started by yoroshambo	1 Replies 102 Views	Jun 29, 2018 by jojobee318
A profit-maximizing monopoly never produces an output in the inelastic range of its demand curve. ... Started by Lisaclaire	1 Replies 114 Views	Jun 29, 2018 by mcabuhat
Assume that you have data on a firm's average fixed cost and average variable cost for various ... Started by awywial	1 Replies 153 Views	Jun 29, 2018 by shailee
One way of overcoming the problem of the commons is to make it private property. Indicate whether ... Started by luvbio	1 Replies 125 Views	Jun 29, 2018 by Brenm
A monopolist can set any price it wants. So why does it still produce at a point where MC=MR, just ... Started by ghost!	1 Replies 53 Views	Jun 29, 2018 by mariahkathleeen
Why do perfectly competitive firms maximize their profits by producing so that the price is equal to ... Started by Tazate	3 Replies 182 Views	Jun 29, 2018 by anoriega3
A single-price monopolist will always charge a price that is on the elastic range of its demand. ... Started by CORALGRILL2014	1 Replies 107 Views	Jun 29, 2018 by ladyjames123
Define what a firm is and its role in the market. What will be an ideal ... Started by tingc95	1 Replies 69 Views	Jun 29, 2018 by bbburns21

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