Suppose that there is only one provider of a service in a state. because this provider experiences economies of scale, the government does not want to break it into smaller pieces, but it does want the provider to supply the efficient quantity. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? use antitrust laws to increase competition. turn the company into a public enterprise. do nothing at all. regulate the firm's pricing behavior.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?

Which investment has the liquidity and can be converted into cash easily?