Description
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly.
- What characteristics of the industry make it a monopoly?
- What is the impact of the monopoly power on its customers?
- Why might government want to regulate natural monopolies?
- How might such regulation be structured?
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Review
Review
Anonymous
Really great stuff, couldn't ask for more.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
Economic Concentrations Competition and Pricing Research Paper
Select 1 of the economic concentrations (clusters) below:Seattle-Tacoma-Olympia, WA aerospace / defense industryCentral Ca ...
Economic Concentrations Competition and Pricing Research Paper
Select 1 of the economic concentrations (clusters) below:Seattle-Tacoma-Olympia, WA aerospace / defense industryCentral California winemaking industryHollywood movie industrySilicon Valley Technology hubTexas / Louisiana Gulf Coast crude oil and natural gas production and refiningPre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentrationWrite a 700- to 1,050-word paper evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:Analyze how the economic concentration in the area you chose was influenced by competition and pricing.Analyze how the economic concentration in the area you chose influenced the supply chain.Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.Consider the resources provided and other academically appropriate sources. The use of charts and tables to illustrate data is highly encouraged.Cite at least 2 academically credible sources. Format your assignment according to APA guidelines.
GB540 KAPLAN Unit 4 Walmart History, Economic, Social, And Political Forces
Assignment: Fortune 500 Companies
Using a Global Fortune 500 company, you will complete a research paper that summarizes ...
GB540 KAPLAN Unit 4 Walmart History, Economic, Social, And Political Forces
Assignment: Fortune 500 Companies
Using a Global Fortune 500 company, you will complete a research paper that summarizes its history,
conduct a SWOT analysis, and address its future.
Course outcome(s) practiced and assessed in this Assignment:
GB540-3: Analyze the relationship between knowledge-based economic decision-making and
economic growth.
Directions
In this Assignment, you will select a Global Fortune 500 company (it cannot be a company you work
for) that operates in the United States and in other nations around the world. Make sure it is one you
are interested in and has plenty of good sources of information available.
A) Summarize the firm’s history, the economic, social, and political forces that affect it most.
B) Present recent and current operating results (financial performance) data in a table. Evaluate
the firm's current and recent operating results. Analyze the major economic forces that affect
the firm. Discuss the key social and major political forces that affect the performance of the
firm.
C) Present a brief SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats).
D) Discuss the factors it will need to predict, plan for, and adjust to in the future.
Criteria
● Your Assignment should have a cover sheet with the following information: Title of the paper,
Your Name, Course Number and Section Number, and Date
● It must be a minimum of 5-pages long (excluding title page, references, etc.)
● Be sure to include the criteria located in the rubric below within your paper.
● It must be APA formatted with citations to your sources and your last page should list all
references used. Review the APA formats found in the Writing Center.
● You must use a variety of three objective, high quality, and current sources. Peer reviewed
articles, articles published in journals, textbooks, and library resources found in the Library are
examples of high quality resources.
● Note that Wikipedia, Investopedia, etc. are not considered as reliable resources for this
research.
Directions for Submitting
The Assignment is to be submitted to the Unit 4 Assignment Dropbox by the end of Unit 4.
Unit 4 [GB540: Economics for Global Decision Makers]
2 of 2
GB540 Unit 4 Assignment: Fortune 500 Companies
Content and Analysis
Points
Possible
Points
Earned
A global Fortune 500 company was chosen. 10
Analyzed the firm’s history. 10
Evaluated the firm’s recent operating results. 10
Evaluated the firm’s current operating results. 10
Analyzed the major economic forces that affect the firm. 10
Discussed key social forces that affect the performance of the firm. 10
Discussed major political forces that affect the operation of the
firm.
10
Presented a brief SWOT analysis for the firm. 10
Examined the factors the firm needs to predict for the future. 10
Examined the factors the firm will need to plan for the future. 10
Examined factors that the firm will need to change (adjust) in the
future.
10
Cited a minimum of three current reliable references. 5
Writing style, grammar, and APA format. 10
7 pages
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain ...
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain which includes the lack of ...
How much government intrusion into daily life is acceptable?, discussion question help
How much government intrusion into daily life is acceptable? Is the
reduction in personal freedom worth the benefits tha ...
How much government intrusion into daily life is acceptable?, discussion question help
How much government intrusion into daily life is acceptable? Is the
reduction in personal freedom worth the benefits that the policy
provides to society? What kinds of policies are acceptable and
unacceptable in the United States? Is this the same in other nations?
ECON 290 University of Victoria Canadian Microeconomic Policy Discussion
1. Butchart Gardens is a very large garden in Victoria, BC, renowned for its beautiful plants. It is so large that it coul ...
ECON 290 University of Victoria Canadian Microeconomic Policy Discussion
1. Butchart Gardens is a very large garden in Victoria, BC, renowned for its beautiful plants. It is so large that it could hold many times more visitors than currently visit it. The garden charges an admission fee of $30 in summer. At this price, 1000 visitors visit the garden each day. If admission were free, 2000 visitors would visit the garden each day.a) Are visits to Butchard Gardens in summer excludable or non-excludable? Are they rival in consumption or non-rival? What type of good is it?b) In a diagram, illustrate the demand curve for visits to Butchard Gardens. Indicate the situation when Butchard Gardens charges an admission fee of $30. Also indicate the situation when Butchard Gardens charges no admission fee. Illustrate the deadweight loss from charging a $30 admission fee, and calculate its size. Explain why charging $30 admission fee is inefficient.2. Governments are in the business of providing information to potential buyers. The first serious provision of information on the health consequences of tobacco use appeared in the United States Report of the Surgeon General in 1964. (a) How would you represent this intervention in a supply and demand for tobacco diagram? Draw a graph to compare the outcomes before and after the intervention.(b) Did this intervention correct a market failure? Briefly explain.3. Suppose there are two types of people: Healthy and Unhealthy. It costs more to insure unhealthy people because they are likely to incur more medical bills. Suppose the marginal cost (MC) of providing an insurance policy is $1,000 for a healthy person and $4,000 for an unhealthy person. Assume healthy people are willing to pay $1,500 for health insurance, and unhealthy people are willing to pay $5,000. Suppose the insurance company charges P = MC so as to earn zero profit.a) With complete information, will all people be insured? If no, explain why. If yes, what would be the price of insurance for each type of people?b) Now suppose there is asymmetric information. People know whether they are healthy or unhealthy, but the insurance company can’t tell. However, it knows that 20% of the population is unhealthy. If people can choose whether to buy insurance or not, who will buy insurance? And what will be the price of insurance in equilibrium? Is this outcome efficient? Explain why or why not.c) Suppose government provides a medical service plan (MSP), which is a universal compulsory medical insurance that everyone has to buy. How should MSP set the price to just break even? Is the outcome efficient? Briefly explain.4. The monthly market demand function for taxi service in Vancouver is given by Qd = 7,000 – 500P, and the market supply function is Qs = 500P – 1,000, where the quantity is in terms of trips and the price is average fare per trip. Please show all steps of your calculation for following questions:a) Calculate the equilibrium market price and quantity.b) All drivers form a taxi driver association to lobby the city government. At their request Vancouver government implements a license system such that the maximum taxi service is restricted to 2,000 trips. Calculate the wealth transfer and deadweight loss caused by this policy.c) Suppose the monthly interest rate is 1%. What is the value of all taxi licenses?d) Who benefits from this lobbying? Who loses?5. The market demand for a vaccine is given by P = 36−Q and the supply conditionsare P = 20. There is a positive externality associated with being vaccinated, and the realsocietal value is known and given by P = 36−(1/2)Q. Calculate and draw a graph to answer the following questions:(a) What is the market solution to this supply and demand problem?(b) What is the socially optimal number of vaccinations?(c) If we decide to give the supplier a given dollar amount per vaccination supplied in order to reduce price and therefore increase the number of vaccinations to the social optimum, what would be the dollar value of that per-unit subsidy?(d) suppose that we give buyers the subsidy instead of giving it to the suppliers. By how much would the demand curve have to shift upward in order that the socially optimal quantity is realized?6. There are two firms that emit pollutant SO2. Currently each emits 150 tons of SO2 per month. The local government wants the total pollution to be reduced to 200 tons per month. Assume the pollution abatement technology of the two firms can be represented by MC functions: MCA = 30 + 2QA, MCB = 50 + 4QB (MC is in terms of dollars and Q in terms of tons of SO2 abated). Suppose the government knows the pollution abatement technology of the two firms, and an emission standard policy is in order. To minimize the total cost of pollution abatement, how should the government set the quantity of SO2 that Firm A is allowed to emit? How many tons should the government allow Firm B to emit? Draw a graph to illustrate your calculation answers.
ECN 215 Colorado State University Week 5 Federal Reserve Actions Paper
The Federal Reserve (Fed) exerts considerable control over the money supply. In your paper:
Identify the tools the Fed use ...
ECN 215 Colorado State University Week 5 Federal Reserve Actions Paper
The Federal Reserve (Fed) exerts considerable control over the money supply. In your paper:
Identify the tools the Fed uses to control the money supply (traditionally there have been 3 tools but see this article (Links to an external site.) for a discussion of a new, fourth tool).
Discuss how those tools can be used to control the money supply.
Identify the tool the Fed uses most often and explain why the Fed seldom uses the other two.
Discuss the most recent actions by the Fed.
Evaluate those actions in terms of how they might affect your career decisions. For example, would the Fed actions make it better or worse to seek a bomb change or to leave the workforce and return to school, etc).
Similar Content
Macroeconomics, economics homework help
- In the past two years there has been several world issues that have happen to threaten the US economy. Identify two and...
help macroeconomics
What do you feel are the benefits and the cost to having free trade? What are the benefits and cost to having restricted t...
Richland College The Minimum Wage Discussion & Questions
You are encouraged to use our textbook and the online book for this class, which is called Popular Economyths. A good, wel...
Currency Crisis in Turkey Causes & Implications Research Paper
Discuss the causes of the recent currency crisis in Turkey. What are the implications for the Turkish economy and the glob...
Macro Economics Question
المملكة العربية السعودية
وزارة التعليم
الجامعة السعودية ا...
Managerial Economics and Globalization
Monopolies and New EntrantsSnack food vendors and beer distributors earn some monopoly profits in their local markets but ...
Economic Work
Malthusian Model for an economy with superior technology for product output Malthusian Model for an economy with inferior ...
Financial Management In Saudi Arabian Hospitals
Trends or patterns in healthcare finance. .......................................Error! Bookmark not defined. The financia...
Econ Assignment
You have been appointed to implement a project on furniture business in a suitable location in Ongata Rongai. The entrepre...
Related Tags
Book Guides
A Brief History of Humankind Sapiens
by Yuval Noah Harari
The Magic Mountain
by Thomas Mann
The English Patient
by Michael Ondaatje
Sula
by Toni Morrison
Notes from Underground
by Fyodor Dostoyevsky
Where the Crawdads Sing
by Delia Owens
The Atlantis Gene
by S. A. Beck
The Catcher in the Rye
by J. D. Salinger
Good Kids Bad City
by Kyle Swenson
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
Economic Concentrations Competition and Pricing Research Paper
Select 1 of the economic concentrations (clusters) below:Seattle-Tacoma-Olympia, WA aerospace / defense industryCentral Ca ...
Economic Concentrations Competition and Pricing Research Paper
Select 1 of the economic concentrations (clusters) below:Seattle-Tacoma-Olympia, WA aerospace / defense industryCentral California winemaking industryHollywood movie industrySilicon Valley Technology hubTexas / Louisiana Gulf Coast crude oil and natural gas production and refiningPre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentrationWrite a 700- to 1,050-word paper evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:Analyze how the economic concentration in the area you chose was influenced by competition and pricing.Analyze how the economic concentration in the area you chose influenced the supply chain.Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.Consider the resources provided and other academically appropriate sources. The use of charts and tables to illustrate data is highly encouraged.Cite at least 2 academically credible sources. Format your assignment according to APA guidelines.
GB540 KAPLAN Unit 4 Walmart History, Economic, Social, And Political Forces
Assignment: Fortune 500 Companies
Using a Global Fortune 500 company, you will complete a research paper that summarizes ...
GB540 KAPLAN Unit 4 Walmart History, Economic, Social, And Political Forces
Assignment: Fortune 500 Companies
Using a Global Fortune 500 company, you will complete a research paper that summarizes its history,
conduct a SWOT analysis, and address its future.
Course outcome(s) practiced and assessed in this Assignment:
GB540-3: Analyze the relationship between knowledge-based economic decision-making and
economic growth.
Directions
In this Assignment, you will select a Global Fortune 500 company (it cannot be a company you work
for) that operates in the United States and in other nations around the world. Make sure it is one you
are interested in and has plenty of good sources of information available.
A) Summarize the firm’s history, the economic, social, and political forces that affect it most.
B) Present recent and current operating results (financial performance) data in a table. Evaluate
the firm's current and recent operating results. Analyze the major economic forces that affect
the firm. Discuss the key social and major political forces that affect the performance of the
firm.
C) Present a brief SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats).
D) Discuss the factors it will need to predict, plan for, and adjust to in the future.
Criteria
● Your Assignment should have a cover sheet with the following information: Title of the paper,
Your Name, Course Number and Section Number, and Date
● It must be a minimum of 5-pages long (excluding title page, references, etc.)
● Be sure to include the criteria located in the rubric below within your paper.
● It must be APA formatted with citations to your sources and your last page should list all
references used. Review the APA formats found in the Writing Center.
● You must use a variety of three objective, high quality, and current sources. Peer reviewed
articles, articles published in journals, textbooks, and library resources found in the Library are
examples of high quality resources.
● Note that Wikipedia, Investopedia, etc. are not considered as reliable resources for this
research.
Directions for Submitting
The Assignment is to be submitted to the Unit 4 Assignment Dropbox by the end of Unit 4.
Unit 4 [GB540: Economics for Global Decision Makers]
2 of 2
GB540 Unit 4 Assignment: Fortune 500 Companies
Content and Analysis
Points
Possible
Points
Earned
A global Fortune 500 company was chosen. 10
Analyzed the firm’s history. 10
Evaluated the firm’s recent operating results. 10
Evaluated the firm’s current operating results. 10
Analyzed the major economic forces that affect the firm. 10
Discussed key social forces that affect the performance of the firm. 10
Discussed major political forces that affect the operation of the
firm.
10
Presented a brief SWOT analysis for the firm. 10
Examined the factors the firm needs to predict for the future. 10
Examined the factors the firm will need to plan for the future. 10
Examined factors that the firm will need to change (adjust) in the
future.
10
Cited a minimum of three current reliable references. 5
Writing style, grammar, and APA format. 10
7 pages
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain ...
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain which includes the lack of ...
How much government intrusion into daily life is acceptable?, discussion question help
How much government intrusion into daily life is acceptable? Is the
reduction in personal freedom worth the benefits tha ...
How much government intrusion into daily life is acceptable?, discussion question help
How much government intrusion into daily life is acceptable? Is the
reduction in personal freedom worth the benefits that the policy
provides to society? What kinds of policies are acceptable and
unacceptable in the United States? Is this the same in other nations?
ECON 290 University of Victoria Canadian Microeconomic Policy Discussion
1. Butchart Gardens is a very large garden in Victoria, BC, renowned for its beautiful plants. It is so large that it coul ...
ECON 290 University of Victoria Canadian Microeconomic Policy Discussion
1. Butchart Gardens is a very large garden in Victoria, BC, renowned for its beautiful plants. It is so large that it could hold many times more visitors than currently visit it. The garden charges an admission fee of $30 in summer. At this price, 1000 visitors visit the garden each day. If admission were free, 2000 visitors would visit the garden each day.a) Are visits to Butchard Gardens in summer excludable or non-excludable? Are they rival in consumption or non-rival? What type of good is it?b) In a diagram, illustrate the demand curve for visits to Butchard Gardens. Indicate the situation when Butchard Gardens charges an admission fee of $30. Also indicate the situation when Butchard Gardens charges no admission fee. Illustrate the deadweight loss from charging a $30 admission fee, and calculate its size. Explain why charging $30 admission fee is inefficient.2. Governments are in the business of providing information to potential buyers. The first serious provision of information on the health consequences of tobacco use appeared in the United States Report of the Surgeon General in 1964. (a) How would you represent this intervention in a supply and demand for tobacco diagram? Draw a graph to compare the outcomes before and after the intervention.(b) Did this intervention correct a market failure? Briefly explain.3. Suppose there are two types of people: Healthy and Unhealthy. It costs more to insure unhealthy people because they are likely to incur more medical bills. Suppose the marginal cost (MC) of providing an insurance policy is $1,000 for a healthy person and $4,000 for an unhealthy person. Assume healthy people are willing to pay $1,500 for health insurance, and unhealthy people are willing to pay $5,000. Suppose the insurance company charges P = MC so as to earn zero profit.a) With complete information, will all people be insured? If no, explain why. If yes, what would be the price of insurance for each type of people?b) Now suppose there is asymmetric information. People know whether they are healthy or unhealthy, but the insurance company can’t tell. However, it knows that 20% of the population is unhealthy. If people can choose whether to buy insurance or not, who will buy insurance? And what will be the price of insurance in equilibrium? Is this outcome efficient? Explain why or why not.c) Suppose government provides a medical service plan (MSP), which is a universal compulsory medical insurance that everyone has to buy. How should MSP set the price to just break even? Is the outcome efficient? Briefly explain.4. The monthly market demand function for taxi service in Vancouver is given by Qd = 7,000 – 500P, and the market supply function is Qs = 500P – 1,000, where the quantity is in terms of trips and the price is average fare per trip. Please show all steps of your calculation for following questions:a) Calculate the equilibrium market price and quantity.b) All drivers form a taxi driver association to lobby the city government. At their request Vancouver government implements a license system such that the maximum taxi service is restricted to 2,000 trips. Calculate the wealth transfer and deadweight loss caused by this policy.c) Suppose the monthly interest rate is 1%. What is the value of all taxi licenses?d) Who benefits from this lobbying? Who loses?5. The market demand for a vaccine is given by P = 36−Q and the supply conditionsare P = 20. There is a positive externality associated with being vaccinated, and the realsocietal value is known and given by P = 36−(1/2)Q. Calculate and draw a graph to answer the following questions:(a) What is the market solution to this supply and demand problem?(b) What is the socially optimal number of vaccinations?(c) If we decide to give the supplier a given dollar amount per vaccination supplied in order to reduce price and therefore increase the number of vaccinations to the social optimum, what would be the dollar value of that per-unit subsidy?(d) suppose that we give buyers the subsidy instead of giving it to the suppliers. By how much would the demand curve have to shift upward in order that the socially optimal quantity is realized?6. There are two firms that emit pollutant SO2. Currently each emits 150 tons of SO2 per month. The local government wants the total pollution to be reduced to 200 tons per month. Assume the pollution abatement technology of the two firms can be represented by MC functions: MCA = 30 + 2QA, MCB = 50 + 4QB (MC is in terms of dollars and Q in terms of tons of SO2 abated). Suppose the government knows the pollution abatement technology of the two firms, and an emission standard policy is in order. To minimize the total cost of pollution abatement, how should the government set the quantity of SO2 that Firm A is allowed to emit? How many tons should the government allow Firm B to emit? Draw a graph to illustrate your calculation answers.
ECN 215 Colorado State University Week 5 Federal Reserve Actions Paper
The Federal Reserve (Fed) exerts considerable control over the money supply. In your paper:
Identify the tools the Fed use ...
ECN 215 Colorado State University Week 5 Federal Reserve Actions Paper
The Federal Reserve (Fed) exerts considerable control over the money supply. In your paper:
Identify the tools the Fed uses to control the money supply (traditionally there have been 3 tools but see this article (Links to an external site.) for a discussion of a new, fourth tool).
Discuss how those tools can be used to control the money supply.
Identify the tool the Fed uses most often and explain why the Fed seldom uses the other two.
Discuss the most recent actions by the Fed.
Evaluate those actions in terms of how they might affect your career decisions. For example, would the Fed actions make it better or worse to seek a bomb change or to leave the workforce and return to school, etc).
Earn money selling
your Study Documents