5. If the government wants to increase the quantity consumed of a particular product, how many...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
5. If the government wants to increase the quantity consumed of a particular product, how many of the following policies do you predict would achieve this goal? • • Decreased regulations, making it easier for firms to enter the market. Increased patent enforcement, changing the market from a perfectly competitive market to one with strong entry barriers and forcing many firms to exit the industry due to intellectual property concerns. • Assuming the market is a Cournot oligopoly, a change in policy that significantly increases the HHI threshold for challenging merger proposals, leading to increased market concentration via more mergers. a. 1 of the policies will result in an increase in the quantity consumed b. 2 of the policies will result in an increase in the quantity consumed c. 3 of the policies will result in an increase in the quantity consumed d. None of the above policies will result in an increase in the quantity consumed 5. If the government wants to increase the quantity consumed of a particular product, how many of the following policies do you predict would achieve this goal? • • Decreased regulations, making it easier for firms to enter the market. Increased patent enforcement, changing the market from a perfectly competitive market to one with strong entry barriers and forcing many firms to exit the industry due to intellectual property concerns. • Assuming the market is a Cournot oligopoly, a change in policy that significantly increases the HHI threshold for challenging merger proposals, leading to increased market concentration via more mergers. a. 1 of the policies will result in an increase in the quantity consumed b. 2 of the policies will result in an increase in the quantity consumed c. 3 of the policies will result in an increase in the quantity consumed d. None of the above policies will result in an increase in the quantity consumed
Expert Answer:
Answer rating: 100% (QA)
Answer d None of the above policies will result in an increase in the quantity consumed Explanation ... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
Students also viewed these economics questions
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Write the expression as one ratio without any negative exponents. x1/4x-3/4 X
-
Vidi Corporation, a private enterprise, made the following purchases related to its property, plant, and equipment during its fiscal year ended December 31, 2017. The company uses the straight-line...
-
Find AB for the following vectors: (a). A = 3 i - 6 j, B = -4 i + 2 j; (b). A = 5 i + 5 j, B = 2 i - 4 j; and (c). A = 6 i + 4 j, B = 4 i - 6 j.
-
Find the derivation for COP in Vapor Compression cycle.
-
Categorize each of the following activities into the expenditure, conversion, or revenue cycles, and identify the applicable subsystem. a. Preparing the weekly payroll for manufacturing personnel b....
-
Write the shear and momentfunctions and draw shear and moment diagrams for the following frames: (a) Support A is a roller, B and C are fixed and support C is a pin.
-
(a) Suppose that you wish to use a group of threads to form the sum, in a shared variable result, of an array of numbers. This can be done by giving each thread responsibility for a portion of the...
-
2. (a). (b) An angle-modulated signal is given by x(t) = 4 sin (2106t + 60 sin 210+) (i) Find the instantaneous frequency of the signal in Hertz. (ii) Find the frequency deviation Af in Hertz. (iii)...
-
Is education level also considered to be a diversity factor in business?
-
What dollar amount will Gottsbucks show as an asset on its December 31, 2018 Balance Sheet for the Selfie Stick stock, if it owns 10% of the stock of Selfie Stick, and the shares are treated as a...
-
2. Powerful Tools Inc., a construction equipment manufacturer, has lost some information on its financial statements. Help the firm's financial staff to fill in the missing data using your knowledge...
-
Now consider Herbert Kohler's claim that $55,400 is the appropriate price for a share held by a minority shareholder. What minority and liquidity discounts would you have to use to justify this share...
-
The current forward curve is (0.5%,1%,1.08%,0.7%), where the first value is a one year spot rate and the following three numbers are the one year forward rates. What is the discount factor of the...
-
B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank...
-
Consider a teenager who evaluates whether she should engage in sexual activity with her partner of the opposite sex. She thinks ahead and expects to have a present discounted level of life-time...
-
In Chapter 22, we worked with models in which high and low cost customers compete for insurance. Consider the level x of health insurance that consumers might choose to buy, with higher levels of x...
-
Adaptive Expectations and Oil Price Instability: We mentioned in the text that trading across time is similar to trading across space in that individuals find opportunities to buy low and sell high....
-
The pirate industry has taken hold in Somalia, and with 23,000 ships coming through the Gulf of Aden annually, the operations of pirates appear to be located centrally. There are 18 to 21 ships...
-
In the early 1980 s, Colombian drug barons, large landowners, industrialists, and bankers, with the cooperation of the Colombian government, began to create private paramilitary units to combat the...
-
NLC issued a report that Liz Claiborne, Walmart, Ann Taylor, Esprit, Ralph Lauren, JCPenney, and Kmart were using subcontractors in China that use Chinese women (between the ages of 17 and 25) to...
Study smarter with the SolutionInn App