Question 1
At the level of the industry, the condition for productive efficiency is that
◦ MC = P for all goods.
◦ MC is equal for all firms in the industry.
◦ MRP = P for all inputs.
◦ goods are allocated equitably.
◦ there are no idle resources in the industry.
Question 2
Suppose there are
only two firms (Firms A and B) in Canada that produce good X, and the two firms propose a merger to create a single firm (Firm AB). Is there any circumstance under which the authorities enforcing Canadian competition policy might approve of such a merger?
◦ According to the
Competition Act, as long as the revenues of the merged firm are less than $100 million per year.
◦ If the market is defined as being within Canada's borders, and the merger allows Firm AB to exploit economies of scale.
◦ If international trade in good X is such that Firm AB faces a fully competitive environment, both within and outside of Canada's borders.
◦ According to the
Competition Act, if the merged firm enhances the status of a Canadian cultural industry.
(b) Badlands region of southeastern Alberta, Canada.
Waste Reduction and Recycling in Canada
Canada Total Energy Consumption by Fuel Type
potatoes as a very good source of vitamin B6
Suicide rates in Canada are more than three times higher for males than for females
Belief that premarital sex is “not wrong at all,” Canada, 1975—2016 (in percent)