Blog

Marketable permits work best when..

Countries could analyze the tradeoffs between economic output and the environment that would show the set of productively efficient combinations by using

Which are health care customers? 

For the past two years, a cellphone manufacturer has been selling to a group of distributors, who then sell the products to retailers to sell to the general public. The firm has now informed its distributors that each of them must sell the cellphones for a minimum price the manufacturer has set. In these circumstances,

Three inmates, all African Americans, have felt segregated from the rest of the prison and have felt that their privileges for recreation, meals, and religious practices have been ignored. The prison in which the three men in question have been housed for years has been allowed to operate under a policy that allows prison administration a free hand in running the institution even if it violates the inmate’s rights. This is called

Which of the following government institutions bears the responsibility of enforcing US antitrust laws?

A firm offloads some of its production costs to 3rd parties. This would contribute to market failure because:

_______________is what’s happening in the poem and is closely related to the plot of a story. 

When the quantity of environmental protection is low so that pollution is extensive, there are usually numerous relatively cheap and easy ways to reduce pollution, and the marginal benefits of doing so are?

A large airline provides most of the flights between two particular cities. A new, small start-up airline decides to offer service between these two cities. The large airline immediately slashes prices on this route to the bone, so that the new entrant cannot make any money. After the new entrant has gone out of business, the incumbent firm raises prices again.  We would call the behavior of the large airline…