A 45-year-old athlete presents with a gradual onset of pain…

A 45-year-old athlete presents with a gradual onset of pain over the lateral aspect of her right elbow. She reports the pain is worse with gripping objects or performing activities that involve wrist extension, such as lifting a pan or shaking hands. On examination, there is point tenderness over the lateral epicondyle, and pain is reproduced with resisted wrist extension. Which of the following is the most likely diagnosis?

A monopoly   takes the market price as given and earns sm…

A monopoly   takes the market price as given and earns small but positive profits can set the price it charges for its output but faces a downward-sloping demand curve so it cannot earn unlimited profits can set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits can set the price it charges for its output and earn unlimited profits

Suppose that a small county is considering adding a guard ra…

Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000. The average damage done to vehicles that slide off the road at the curve is $10,000. It is expected that the guard rail will prevent 5 vehicles from sliding off the road during its usable life. What should the county do? Install the guard rail because safety is priceless Install the guard rail because the benefits exceed the costs Do not install the guard rail because the costs exceed the benefits Do not install the guard rail at any cost because drivers can purchase private insurance for their vehicles

The Coase theorem suggests that private markets may not be a…

The Coase theorem suggests that private markets may not be able to solve the problem of externalities   when the number of interested parties is large and bargaining costs are high if the firm in the market is a monopoly if some people benefit from the externality if the government does not become involved in the process