Entry barriers, profit remittance barriers, and government controls are all part of the fourth screening.third screening.second screening.first screening.
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Q: Consider a monopolist who chooses to provide special discount to a group of customers with low…
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A: The goods that serve as an alternate to other goods are said to be substitute goods. Example: Tea is…
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Q: A monopolist earns $60 million annually and will maintain that level of profit indefinitely,…
A: Given data;
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Q: Justify the statement. True/False Collusion is beneficial for the supplier in the market
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Entry barriers, profit remittance barriers, and government controls are all part of the
fourth screening.
third screening.
second screening.
first screening.
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- Collusion: Why is it profitable, but hard to maintain?A monopolist earns $70 million annually and will maintain that level of profit indefinitely, provided that no other firm enters the market. However, if another firm enters the market, the monopolist will earn $70 million in the current period and $32 million annually thereafter. The opportunity cost of funds is 12 percent, and profits in each period are realized at the beginning of each period.a. What is the present value of the monopolist’s current and future earnings if entry occurs? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.The stream of commerce theory of jurisdiction states that a court will have jurisdiction over a foreign defendant if it places a defective product into the stream of commerce, causes injury, and reaches out to the state's citizens by advertising its products. True False
- Classify the following as a government-enforced barrier to entry, a barrier to entry that is not government-enforced, or a situation that does not involve a barrier to entry. A patented invention A popular but easily copied restaurant recipe An industry where economies of scale are very small compared to the size of demand in the market A well-established reputation for slashing prices in response to new entry A well-respected brand name that has been carefully built up over many years A city passes a law on how many licenses it will issue for taxicabs A city passes a law that all taxicab drivers must pass a driving safety test and have insurance A well-known trademark Owning a spring that offers very pure water An industry where economies of scale are very large compared to the size of demand in the marketAirline industry. It’s not the biggest carrier, but there are significant barriers to entry enabling it to serve a number of very profitable routes.Theory and Evidence. Childcare is a sector that is heavily regulated because of the importance of ensuring child safety. The current price of childcare is $1200 a month. The government is concerned with this market: Evidence shows that young parents are not returning to work because they cannot afford childcare. The government conducts a randomized control trial of a new policy. In some randomly selected cities, the government mandates that childcare providers cannot charge more than $800 per month. Other randomly selected cities are left unaffected to serve as a control. In six months, the outcomes show that the number of children getting childcare has not changed, but that waiting lists for childcare have increased dramatically. (a) Can this outcome be reconciled with the theory of supply and demand? (b) Do you expect that outcomes will improve in the long run?
- Which of the following is NOT a common reason for a merger a. to increase market power. b. to acquire knowledge from the target firm. c. to achieve economies of scale. d. to grow the top managers' "empire". e. All of the above are common reasons for a merger.Which of the following is not an example of an entry barrier? Group of answer choices Capital needed to start business. Government licensing or franchising. Low production costs. Strong brand recognition. All of the above are barriers to entry.Hi Hlo expert bro Hand written solution is not allowed.
- Antitrust policy is designed to a. encourage businesses to produce public goods b. establish trust between the government and the business community c. prevent businesses from earning profits d. maintain a competitive business environment e. ensure that businesses earn only zero economic profits in the long runConsider a monopolist who chooses to provide special discount to a group of customers with low willingness to pay—say, students, or seniors, or people living in a lower-income country. That kind of behavior cannot be explained by standard microeconomic theory, since a profit-maximizing monopolist would never want to provide any discounts.(a) True. (b) False.Moderna is a pharmaceutical company. If it receives a patent for a new medicine, which of the following will likely be the result? Group of answer choices lower quantities of output than without the patent. lower prices than without the patent. reduced incentives for pharmaceutical companies to invest in research and development. a product that is priced higher than it would be without the exclusive rights.
