8. There are nearly three billion shares of Facebook stock. Sam, who owns 100 shares of the stock, hopes to raise the market price of the stock by buying another 100 shares. The main reason his endeavor will fail is that: A) he is such a small part of the overall market that his extra demand will have a negligible effect on the market price. B) Facebook is a monopoly and therefore controls the price of its stock. C) the Securities and Exchange Commission will intervene if anyone tries to influence stock prices. D) the other stockholders will attempt to neutralize Sam's efforts.

2. How important is social media for the transmission of political information within contemporary American politics? What are some potential advantages and disadvantages to reliance on social media for political information? 3. Do you think that negative campaign ads are effective? If so, in what ways are they effective? If not, then why are they ineffective?

7. Graphically depict how variable ticket pricing leads to sports teams charging different prices for different games? Explain and clearly label your graph.

2. Yardstick competition has been suggested as an alternative method to regulate firms. Define yardstick competition and indicate how it might be implemented. In addition, outline the problems that yardstick competition is designed to address.

1. When a monopoly advertises, the goal is to _____ because _____. Group of answer choices increase its demand as a share of market demand; the monopoly faces a significant portion of market demand increase market demand; the monopoly faces the entire market demand increase market demand; the monopoly produces a product that is identical to the output of all other sellers in the market increase its demand as a share of market demand; the monopoly faces a small portion of market demand   2. If given a choice, a person would prefer to experience the situation of which of the following families? Group of answer choices a family with income equal to the world poverty line a family with income equal to the United States poverty line a family with income double the world poverty line a family with income equal to the poverty line in the United States in 1970   3. A business using its bargaining power as a major buyer of labor to pay lower prices, including lower wages,…

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6. Problems and Applications Q6 Suppose Paolo is the only seller in the market for bottled water and Kenji is the only buyer. The following lists show the value Kenji places on a bottle of water and the cost Paolo incurs to produce each bottle of water: Kenji's Value Paolo's Costs Value of first bottle: $7 Cost of first bottle: $1 Value of second bottle: $5 Cost of second bottle: $3 Value of third bottle: $3 Cost of third bottle: $5 Value of fourth bottle: $1 Cost of fourth bottle: $7 The following table shows their respective supply and demand schedules: Price Quantity Supplied Quantity Demanded More than $7 4 $5 to $7 $3 to $5 1 2 $1 to $3 3 $1 or less 4

6. The cartel Consider a town in which only two residents, Rajiv and Simone, own wells that produce water safe for drinking. Rajiv and Simone can pump and sell as much water as they want at no cost. For them, total revenue equals profit. The following table shows the town's demand schedule for water. Price (Dollars per gallon) 6.00 Quantity Demanded Total Revenue (Gallons of water) (Dollars) 0 0 5.50 45 247.50 5.00 90 450.00 4.50 135 607.50 4.00 180 720.00 3.50 225 787.50 3.00 270 810.00 2.50 315 787.50 2.00 360 720.00 1.50 405 607.50 1.00 450 450.00 0.50 495 247.50 0 540 0 Suppose Rajiv and Simone form a cartel and behave as a monopolist. The profit-maximizing price is $ per gallon, and the total output is gallons. As part of their cartel agreement, Rajiv and Simone agree to split production equally. Therefore, Rajiv's profit is $ and Simone's profit is $ Suppose that Rajiv and Simone have been successfully operating as a cartel. They each charge the monopoly price and sell half of…

3. Antitrust laws Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. In an effort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete instead of cooperating. Consider the following scenario: Suppose that two American investment banks negotiate a merger agreement because a financial crisis threatens to bankrupt both firms. This merger could potentially be stopped by a lawsuit brought by which of the following American institutions? O The Commerce Department O The Interior Department O The Defense Department O The Justice Department

3. Consider a monopoly that sells a product to consumers with a constant marginal cost of $13. There are two potential consumers. As a prior belief, each consumer thinks that the product is worth either $29 or $19 with equal probability, and he/she learns the true value of the product after trying it out. Each consumer may have a different perception of the value of the product, and these perceptions are independent events. The product is non-durable. Suppose there are two periods, and each consumer demands at most one unit of the product in cach period. After the first period, a company named InfoteX could conduct an online marketing survey to learn consumers' perceptions of the product. By purchasing the survey from InfoteX, the monopolist knows whether a consumer is happy with the product (i.., he/she thinks the product is worth $29 instead of $19 after trying out) or not, and can offer personalized prices to customers in the second period. Then the monopolist should charge $_ first…