13. Study Questions and Problems #13 Match each key term in the following table with its definition. Term Command-and-control regulation Effluent tax Emissions trading Definition 13. Study Questions and Problems #13 Match each key term in the following table with its definition. Term Command-and-control regulation Effluent tax Emissions trading Definition A tax on the pollutant Firms buying and selling the right to pollute The government dictating the approach to achieving an environmental goal
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- What is cost-plus regulation?What are the goals of the Federal Trade Commission?List the ways in which the FTC affects marketing activ-ities. Do you think a single regulatory agency shouldhave such broad jurisdiction over so many marketingpractices? Why or why not?2. MATCH UP: REGULATORY AGENCIES: 1) Ministry of Health of the Russian Federation 2) Federal Antimonopoly Service (FAS of Russia) 3) Federal Service for Surveillance in Healthcare (Roszdravnadzor) FUNCTIONAL AREA of PRICING REGULATION: a) Approval of the list of vital and essential medicinal products; b) economic analysis of the manufacturers' maximum ex-works prices for the medicinal products included in the list of vital and the essential medicinal products; c) registration and re-registration of the manufacturers' maximum ex- works prices for the medicinal products included in the list of vital and the essential medicinal products (taking into account the FAS decision); d) making a decision on coordination of the maximum ex-works prices (or on refusal in its coordination), sending it to the Ministry of Health of Russia; e) maintenance of the state register of the manufacturers' maximum ex- works prices for the medicinal products included in the list of vital and the essential…
- What are the three problems that economists have noted with regard to command-and-control regulation?What is price cap regulation?Figure: A Profit-Maximizing Monopoly Firm Price, marginal revenue, marginal cost, average total cost A) $5. OB) $13. C) $14. $35 D) $20. 29 26 రారాళి 8 5 0 (Figure: A Profit-Maximizing Monopoly Firm) Look at the figure A Profit-Maximizing Monopoly Firm. This firm's profit per unit is: MC ATC MR 160 220 250 300 Quantity of output (per week)
- Draw diagram to show what happen when government subsidised the gasoleneMarket Structure: Monopoly Product: Daktronics Scoreboards For the given graph: • Shade the area for TR* on the graph. • identify / record Q* & P* values. • Calculate for TR*. 500 400 Q* = MC ATC P*= 300 TR* = 200 100 10 15 20 25 30 RESET CHECK ANSWER COLUMBUS STATE USE CALCULATOR QUIT NEXT COMMUNITY COLLEGE18. What are the recommendations for regulatory reform?
- Question 3 of 18 Consider the graph of demand (D), average total cost (ATC), marginal revenue (MR), and marginal cost (MC) for a monopolistic firm. a. Assume no regulation is in place. Place box A on the graph to represent the profit or loss for the firm before regulation. b. Now assume marginal cost pricing is imposed. Place box B on the graph to represent the profit or loss for the firm after marginal cost pricing is imposed. 20 19 A 18 17 В 16 15 14 13 12 11 10 8 7 6. 5 4 ATC 2 MC 1 MR 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Cost and RevenueChanging a regulation may require focusing on different targets depending on the stage of development of the issue. .The _ is the person or body (e.g., school board or city council) who has the power to make the necessary change. secondary target O main objective O bullseye O primary target engaged audience1. “Economics of Monopoly Power”Please respond to the following:From the first e-Activity, take a position on whether or not the current initiatives of the FCC encourage competition in all communication markets and protect the public. Provide specific examples to support your response.List and discuss three economic justifications for government regulation in your local area. Explain what happens if the government does not provide appropriate regulation. Determine the costs on society of government regulation.2. “Monopoly and Price Fixing”Please respond to the following:From the scenario, identify the possible illegal or unethical activities activities in which the print shop boss plans to engage in, and identify the consequences on society from an economic point of view. Explain whether or not you would have discussed these issues with the boss.From (1) a single product market perspective and (2) a natural monopolist market perspective, give your opinion on…