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Q: 7. Explain the difference between industrial regulation and social regulation.
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. what are the objectives of the power sector reforms?
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- 1. interpret and explain, diagram of effect of airline regulation by the civil aeronautic board indicate the effect the regulation will have on airline sales output and profit and also wht consumer are lossing or gaining in the processHey! Can anybody help me with the solutions to this question. Would be much appreciated :)!
- Refer to the information provided in Figure below to answer the question that follow. AS 110 AD 600 Aggregate output ($ billion) Refer to Figure Suppose the equilibrium output is initially $600 billion. An oil embargo would probably Select one: a. decrease both the equilibrium cutput and the price level. b. increase both the equilibrium cutput and the price level. C. decrease the equilibrium output and inorease the price level. d. increase the equilibrium cutput and decrease the price level. Price levelWhat are the powers that are given to the states by the 1Oth amendment called? * O Concurrent Expressed Reserved3 Which of the following is true for a monopoly? a. p=mr b. p=mc c. a monopoly can sustain positive profits in the LR d. none of the answers are correct
- A3 What effect will a properly passed statute have on inconsistent judge-made law (case Law) in Canada?Just the question 134. A pharmaceutical firm is marketing a patented drug it has developed (the firm therefore has monopoly rights over the drug). The demand for the drug is given by Q = 8000 - 8P (MR(Q) = 1000 - = 8000 - 8P (MR(Q) = 1000 - ), where P is the price of the drug (in cents), and the total cost of production is TC(Q) = Q2+100Q+10000 (MC(Q) = 2Q + 100). a. Calculate the (monopoly) price of the drug, PM, and the quantity sold, QM b. Suppose now that the drug's patent expires, and other pharmaceutical firms can begin producing it. Assume this result in a competitive supply of the drug, and calculate the long-run competitive equilibrium price and aggregate quantity. Compare these to those you found in part a.
- 2.5. Indicate whether each of the following statements is true or false, and explain your answer.A. If a monoplist is producing a level of output at which demand is inelastic, the firm is not maximizing profits and increasing output will decrease total revenu.B. When a monopolist maximizes profits, the price is greater than the marginal cost of producing the output. This means that consumers are willing to pay more for additional units of the product than these additional units of the produce. Thus, the monopolist should produce and sell addional units of output.C.A monopolistically competitive firm produces a level of output at which price equals $80, marginal revenue equals $40, average total cost equals $100, marginal cost equals $40 , and average fixed cost equals $10. To maximize profit, the firm should produce a smaller output and sell it at a higher price.D. In a monopolistically competitive market, a firm has market power because it produces a differentiated product. This means…Question are given by the followwevequations: Suppose the demand and supply curves for units of university credits QP = 5000 P Q° -3P-200 where Q is the quantity of credits demanded,Q is the quantity supplied, and Pis the price charged for each unit in dollars. (a) ets! What is the free-market equilibrium Price and Quantity. Suppose that the government wants to make education more acessible and therefore passes a regulation that says no university can charge more tthan $800 per credit. What is the new equilibrium Price and Quantity?
