How do government regulations attempt to increase efficiency? (Pick the best answer) O Federal policy works to increase competition in the marketplace, thus, firms who produce similar goods and services have to increase quality and innovate to reduce costs in order to stay in business. O State governments regulate intrastate commerce, and states like Texas have created an economic environment that is favorable to business to entice them to relocate to the state, and to bring with them higher paying jobs, which is better for the overall economy. The federal government, through the interstate commerce clause, has the authority to pressure companies to merge, and to offer public funding if the merger causes the venture to lose capital in the process, which hurts investors.

How do government regulations attempt to increase efficiency? (Pick the best answer) O Federal policy works to increase competition in the marketplace, thus, firms who produce similar goods and services have to increase quality and innovate to reduce costs in order to stay in business. O State governments regulate intrastate commerce, and states like Texas have created an economic environment that is favorable to business to entice them to relocate to the state, and to bring with them higher paying jobs, which is better for the overall economy. The federal government, through the interstate commerce clause, has the authority to pressure companies to merge, and to offer public funding if the merger causes the venture to lose capital in the process, which hurts investors.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter1: Ten Principles Of Economics

Section: Chapter Questions

Problem 5PA

See similar textbooks

Similar questions

Wells Fargo was the darling of the US banking industry, with some of the highest returns on shareholders’ equity and increasing stock prices. Top management applauded the company’s lead in “cross-selling”, or the sale of additional products to existing customers. “Eight is great”, which means eight Wells Fargo products for every customer, was the CEO John Stumpf’s favorite saying. In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized customer accounts. It soon came to light that the pressure on employees to hit sales targets was too intense with hourly tracking, pressure from supervisors to engage in unethical behavior and a compensation system based heavily on bonuses. Wells Fargo also confirmed that it had fired over 5,300 employees over the past few years related to unethical sales practices. CEO John Stumpf claimed that the scandal was the result of a few bad employees who did not honor the company’s values…
media economics course Question #1: A lot of media regulation is geared towards areas such as content (protecting children) and ownership. Why are these two areas so important, and how do they differ around the globe? Question #2: What is censorship, and why do some governments openly engage in censorship involving the media industries? In what ways will this continue to play a role in media and economics? Question #3: The Internet has raised a number of legal issues since its development. One hot issue in the 21st century is that of net neutrality. What is net neutrality, and what are the two main opposing views on the topic? Where do you stand on the subject of net neutrality? Question #4: What's the role of advertising in today's media economics? What are some policies involving advertising within the media landscape, especially within economics? Question #5: Define content regulation and its role in today's media economics? In what ways will content regulation shape the media…
QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)
Only typed answer 1. Why do oligopolies exist? A. A small number of firms have established barriers to entry using economies of scale, patents, and sheer size to prevent other firms from challenging them. B. The oligopolistic firms are created, run, and supported by the government. C. The members of an oligopolistic market are producing in the upward sloping range of their long run average cost curves.
Case Study Microsoft in India Microsoft made its name by building two monopolies, its Windows operating system and its Office suite of personal productivity software, that are used the world over. Windows, for example, runs on about 94 percent of the world’s personal computers. Despite its global dominance, however, Microsoft has found it difficult to get traction in many developing nations. India is a case in point. Although the country has a well-educated middle class, and although India is home to some of the world’s most successful information technology outsourcing companies, the vast majority of Indians do not have access to a personal computer. India has only 25 PCs per thousand people compared to 997 per thousand in the United States. The main reason for this is cost! Most Indians are simply too poor to afford a PC. Also, Microsoft’s Windows franchise faces two major competitors in India: pirated versions of Windows, and the free open source product Linux, which can be found…
Case Study Microsoft in India Microsoft made its name by building two monopolies, its Windows operating system and its Office suite of personal productivity software, that are used the world over. Windows, for example, runs on about 94 percent of the world’s personal computers. Despite its global dominance, however, Microsoft has found it difficult to get traction in many developing nations. India is a case in point. Although the country has a well-educated middle class, and although India is home to some of the world’s most successful information technology outsourcing companies, the vast majority of Indians do not have access to a personal computer. India has only 25 PCs per thousand people compared to 997 per thousand in the United States. The main reason for this is cost! Most Indians are simply too poor to afford a PC. Also, Microsoft’s Windows franchise faces two major competitors in India: pirated versions of Windows, and the free open source product Linux, which can be…
Why does entry occur?
Sg3 Economics An industry produces its product, Scruffs, at a constant marginal cost of $50. The market demand for Scruffs is equal to Q=75,000−500PQ What is the value to a monopolist who is able to develop a patented process for producing Scruffs at a cost of only $45? $_____________ If the industry producing Scruffs is purely competitive, what is the maximum benefit that an inventor of a process that will reduce the cost of producing Scruffs by $5 per unit can expect to receive by licensing her invention to the firms in the industry? $________________
1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…
Student question Time Left : 01:59:43 Ch. 4. Agglomeration Economies and Equilibrium vs. Efficient Cluster Size. The graph shows the relationship between the number of firms in a cluster (on the x-axis), against the profit per firm (on the y-axis). The curve shows the profit per firm as cluster size varies. Point A shows a single isolated firm, which earns a profit of 7₁ T2 T3 π1 1 b Profit per firm Profit: isolated firm 6 Number of firms in a cluster 14 a. Identify the point on the curve that represents the Pareto efficient outcome. What is the Pareto efficient number of firms and profit per firm? b. Identify the point on the curve that represents the Nash equilibrium outcome. What is the equilibrium number of firms and the equilibrium profit per firm? c. In one to two sentences, explain why your answers to parts a & b are different (or why they are the same, if that's the case). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
Do you think Coke made the right decision to introduce Coca-Cola with Coffee and Coca-Cola with Coffee Zero Sugar? Discuss TWO (2) reasons why you say it is a right decision or a wrong decision.
Legal Environment of Business Unit 2 Chapter 9: Discussion Poor countries assert that patented drugs are too expensive for most of their people to afford. The issue became especially noteworthy over drugs for AIDS sufferers in Africa. Monthly drug expenses are above average total income levels. Countries have been changing their drug laws to eliminate patent rights in certain cases. Do drug companies have an ethical duty to sell their products for the lowest possible price? Should countries abolish patent protection for drugs? I have to write a short paragraph with a Title. I am needing help with this short discussion assignment.