Essay about Monopoly and Discussion Board Posts

1547 Words Jun 15th, 2013 7 Pages
1. Elasticity * Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic: * bottled water * toothpaste * cookie dough ice cream * fresh green beans * gasoline * In your analysis, please make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand.

Guided Response: Review the discussion board posts of your classmates. Note their responses to the determinants of price elasticity of demand. Respond to at least two of your classmates. Discuss with your peers the characteristics of an inelastic versus elastic good.
…show more content…
What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?

Guided Response: Review the discussion board posts of your classmates. Do you agree or disagree with their reasons on whether or not government should get involved when it comes to monopolies? Respond to at least two classmates. Compare and contrast your posts and comment on barriers to enter a market and analysis of government’s relationship with monopolies.

Quiz
To complete the following quiz, go to this week's Quiz link in the left navigation.
Week Four Quiz

This quiz consists of 10 questions. The amount of time the quiz will take to participate in the following discussions, go to this week's Discussion link in the left navigation. 1. Transfers

Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective? Respond to at least two of your classmates.

2. Tariffs and Quotas

Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize?

Guided Response: Review the discussion board posts of your classmates. Note their analysis of those who gain and lose from a tariff. Respond to at least two of your classmates. Compare your classmates’ analyses on using tariffs vs. quotas by comparing to your own. Which is better?

Related Documents