Microeconomics

Replies / Views	Last post
Government actions that create monopolies A) spur product innovation by the monopoly. B) create ... Started by jon_i	1 Replies 82 Views	Jul 1, 2018 by ebe
The longer a patent lasts, A) the greater the potential economic profits available to an ... Started by clmills979	1 Replies 73 Views	Jul 1, 2018 by debra928
An alternative to patent protection might be A) dollar prizes for innovation. B) an appeal to ... Started by ts19998	1 Replies 56 Views	Jul 1, 2018 by tanna.moeller
What is one reason patents are required? A) Information concerning innovation is private and ... Started by Anajune7	3 Replies 96 Views	Jul 1, 2018 by fffftttt
Suppose a patent is granted for a product that has the linear demand curve P = a - b Q. The constant ... Started by jenna1	1 Replies 19 Views	Jul 1, 2018 by atrochim
If a firm in an industry experiences very high fixed costs and constant marginal cost, it is a good ... Started by @Brianna17	1 Replies 25 Views	Jul 1, 2018 by fauacakatahaias
The optimal patent length is equal to 20 years. Indicate whether the statement is true or ... Started by abarnes	1 Replies 25 Views	Jul 1, 2018 by dawsa925
The average cost for a typical electric-power-production firm is AC = 100 - 10Q + Q2 where Q is ... Started by HudsonKB16	1 Replies 17 Views	Jul 1, 2018 by matt
The SSS Co has a patent on a particular medication. The medication sells for 1 per daily dose and ... Started by Pineapplelove6	1 Replies 29 Views	Jul 1, 2018 by InfiniteSteez
Optimal price regulation sets price equal to A) marginal cost. B) average variable cost. C) ... Started by JMatthes	1 Replies 43 Views	Jul 1, 2018 by bigcheese9
If the government regulates the price a monopoly can charge, and the price ceiling is set below what ... Started by dmcintosh	1 Replies 20 Views	Jul 1, 2018 by pallen55
The government forcing a monopoly telecommunications company to allow other firms to use its cables ... Started by renzo156	3 Replies 89 Views	Jul 1, 2018 by courtney_bruh
When attempting price regulation, a government faces what problem(s)? A) limited information B) ... Started by Mimi	1 Replies 44 Views	Jul 1, 2018 by katieost
If the government attempts to force a natural monopoly to charge a price equal to marginal cost, ... Started by tatyanajohnson	1 Replies 123 Views	Jul 1, 2018 by jharrington11
If the government wants to regulate a natural monopoly, it will force the firm to set price equal to ... Started by biggirl4568	1 Replies 46 Views	Jul 1, 2018 by fdliggud
Suppose a monopolist's demand curve is P = 60 - Q, its cost function is TC = 10Q + 50, and its ... Started by javeds	1 Replies 51 Views	Jul 1, 2018 by joewallace
A dominant firm's residual demand curve is A) the horizontal difference between the market demand ... Started by jwb375	1 Replies 111 Views	Jul 1, 2018 by ndhahbi
In the dominant firm model as evidenced by the production of iPods by Apple, the entrance of the ... Started by vicky	1 Replies 19 Views	Jul 1, 2018 by Madisongo23
What is one problem with trying to regulate a monopoly's price? A) The government needs ... Started by jCorn1234	1 Replies 18 Views	Jul 1, 2018 by abctaiwan
Regulation is guaranteed to be more efficient than a monopoly. A) True, the government is able to ... Started by roselinechinyere27m	3 Replies 27 Views	Jul 1, 2018 by poopface
Which is an ironic solution to the government protected monopoly? A) The government might try to ... Started by Lisaclaire	1 Replies 80 Views	Jul 1, 2018 by Sophiapenny
If the government regulates a natural monopoly by forcing the firm to set price equal to marginal ... Started by kamilo84	1 Replies 38 Views	Jul 1, 2018 by steff9894
Forcing a natural monopoly to charge P = MC will not work. Indicate whether the statement is true ... Started by silviawilliams41	1 Replies 60 Views	Jul 1, 2018 by kaykay69
A monopoly faces an inverse demand curve of P = 100 - 2Q. The marginal cost curve is MC = .5Q. What ... Started by aabwk4	1 Replies 97 Views	Jul 1, 2018 by meltdown117
The situation where one person's demand for a good depends on the consumption of the good by others ... Started by leilurhhh	1 Replies 101 Views	Jul 1, 2018 by succesfull