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Economics Homework Nine Answers - Student Six (view source)
Revision as of 04:42, November 18, 2009
, 04:42, November 18, 2009grading corrected
6. 75, 75.
6. 75, 75.
:Nope, and an explanation (also requested) is missing. (Minus 2).
:Nope, and an explanation (also requested) is missing. (Minus 2). CORRECTED: your (75,75) is correct after all, based on a mistake in the ordering of the numbers in the pairs. One point restored to your grade.
'''7'''.Monopolies should be regulated because they impede the free market. To make an odd analogy, imagine the fishing holes cut through ice that are used to catch fish in the Arctic sometimes. When a monopoly forms, it is like ice covering up all but one of the fishing holes. When a monopoly forms, the “ice” should be broken up to provide people with more “fishing holes.”
'''7'''.Monopolies should be regulated because they impede the free market. To make an odd analogy, imagine the fishing holes cut through ice that are used to catch fish in the Arctic sometimes. When a monopoly forms, it is like ice covering up all but one of the fishing holes. When a monopoly forms, the “ice” should be broken up to provide people with more “fishing holes.”
:Excellent answer. Note also that deadweight loss includes the lost producer surplus.
:Excellent answer. Note also that deadweight loss includes the lost producer surplus.
: 68/70. Excellent work on difficult questions.--[[User:Aschlafly|Andy Schlafly]] 20:51, 15 November 2009 (EST)
: 69/70. Excellent work on difficult questions.--[[User:Aschlafly|Andy Schlafly]] 20:51, 15 November 2009 (EST)