A book publisher is determining how to price a new book that will be released next month. The publisher has an exclusive copyright on the book. Consider this graph: PRICE 35 30 30 25 20 20 15 10 5 MC MR Demand 0 05 10 15 20 25 30 35 40 45 50 55 60 65 QUANTITY (in thousands)

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When would consumers and producers experience increased difficulty in coordinating their plans

What is your average direct sale price to Online consumers? How is your average different than the competition? Explain.

Should the government become more involved in the regulation of the Internet? Why or why not?

In 50 words, answer the following question: In class, we talked about how social media is a common resource. Do you think the providers of social media forums should regulate the behavior of users? If not, why not? If so, how? (Hint: think economically. How could the providers (not) solve the problems with common resources by regulating?)

What can be used to influence and shape consumers’ intangible preferences in order to differentiate products within a monopolistically competitive market? Group of answer choices pricing strategy product placement advertising

Cross-Rates 1€=$1.75, 1$=£1.75 Is there an arbitrage opportunity if €=£1? Yes No

Online aggregators are more comprehensive than the home listing service that real estate agents use