1. What type of monopoly is meralco? explain your answer 2. what inefficiencies does the over recovery impose on the market?3. aside from the government directive, what can be done to prevent Meralco from overcharging? MERALCO OVERPRICE UNJUST, SAYS GROUPConsumer group People Opposed to unWarranted Electricity Rates (POWER) called on the EnergyRegulatory Commission (ERC) to proceed with an inadvertently leaked directive ordering the ManilaElectric Co. (Meralco) to refund P6.927 billion in overrecoveries charged to its consumers from January2014 to December 2016.Details of the directive were posted on the ERC website last May 4 but later taken down. ERCCommissioner Josefina Magpale-Asirit confirmed the existence of the directive but said the commissionen banc has yet to finalize the order next week.Meralco wants the figure reduced P5.847 billion, saying it is entitled to retain P1.08 billion in property taxpayments from the overrecoveries. Meralco also wants the refund to be done over a period of 36 months."ERC should not allow Meralco to pass on its real property taxes to its consumers nor should it be allowedto keep enjoying the fruits of its overcharging. As a matter of justice, the full refund should be reflectedin next billing cycle," said POWER.The group said Meralco had already reaped the full benefit of overcharging P6.927 billion from itsconsumers in the last three years."Every second that Meralco is allowed to retain and benefit from that money is a stroke of injustice toevery electricity consumer and the public at large. ERC should order Meralco to return the whole amountimmediately," the group stressed.The group lamented that Meralco's overcharging did not only mean higher monthly bills but higher pricesof goods and services for the entire country, since most of the country's offices and factories are locatedin the Meralco franchise area.POWER urged the ERC to come up with a way to determine such overrecoveries immediately."Allowing a giant like Meralco to overcharge its hapless consumers for three (3) years is bordering on thecriminal," they said.

For the development of business,there are four factors of production which are important. Land,…

1. What type of monopoly is meralco? explain your answer 2. what inefficiencies does the over recovery impose on the market? 3. aside from the government directive, what can be done to prevent Meralco from overcharging?

1. What type of monopoly is meralco? explain your answer 2. what inefficiencies does the over recovery impose on the market? 3. aside from the government directive, what can be done to prevent Meralco from overcharging?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter14: Pricing Techniques And Analysis

Section: Chapter Questions

Problem 4E

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You will find below Exercise No. 1. You are expected to accomplish the exercises preferably in your own words. Do practice proper citation if you are getting information from the internet (APA citation style). In submitting, indicate your Last Name, First Name_sectionAssign#1 Exercise No. 1 Compare and contrast the different intellectual property rights in terms of the following criterion: (1) definition (2) criteria (3) years of protection (4) advantage (5) disadvantage Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Definition Criteria Years of Protection Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Advantage Disadvantage
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You are the manager of Zokia Ghana Limited, a producer of beans. In Ghana, it is possible to produce beans or groundnut using the same resources. Therefore, producers are able to sw itch from beans to groundnut production depending on market conditions. Consequently, Zokia consulted an Economist who estimated the demand function for beans as: Qbd = 600 – 4Pb – 0.03M – 12Pg + 15T + 6Pe + 1.5N where Qbd is the quantity demanded of beans each month, ?? is the average price of beans (in Ghana Cedis), M is the average household income (in GH¢), ?? is the price of groundnut (in GH¢), T is a consumer taste index ranging in value from 0 to 10 (the highest rating), ?? is the price (in GH¢) consumers expect to pay next month for beans, and N is the number of buyers in the market for beans. Assume the following initial values: ??=5, ??= 40, T= 6.5, Pe= 5.25, N= 2000, Qbd = 2479 Explain to your Board of Directors why management should be worried about a rise in the price of groundnut.