QUESTION 8 Which one of the following statements on nationalisation and privatization is correct? Nationalisation is the transfer of ownership from public sector to the private sector. Privatisation is the transfer of ownership from private enterprise to government. One of the arguments in favour of privatisation is that the privatised firm may attract foreign direct investment. O Commercialization is the same as privatisation

5. Indicate whether each of the following statements is true or false, and explain your answer.A. If a monoplist is producing a level of output at which demand is inelastic, the firm is not maximizing profits and increasing output will decrease total revenu.B. When a monopolist maximizes profits, the price is greater than the marginal cost of producing the output. This means that consumers are willing to pay more for additional units of the product than these additional units of the produce. Thus, the monopolist should produce and sell addional units of output.C.A monopolistically competitive firm produces a level of output at which price equals $80, marginal revenue equals $40, average total cost equals $100, marginal cost equals $40 , and average fixed cost equals $10. To maximize profit, the firm should produce a smaller output and sell it at a higher price.D. In a monopolistically competitive market, a firm has market power because it produces a differentiated product. This means…

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answer this one 3. Now, suppose that in addition to the home country opening up to free trade, the foreign country has alsoopened up to free trade. As a result, both firms sell their product in both markets.A) Find each firms’ overall output, market price in each market, and each firms’ overall profitB) Explain what effect free trade has (relative to no trade) on the firms and consumers                                                                                                                                                                                                                                  Suppose a firm operates as a monopoly in the domestic (home) market for a product. The demand for itsproduct is given by the inverse demand function: P = 120 −QD. The company’s costs are: T C = 20Q+ 200and MC = $20.A) Find the firm’s profit-maximizing output and price as a monopoly.B) Find the firm’s total profit in the monopoly market.Suppose the home country open up to free trade…

13. What is the economic argument that monopolies are most often less efficient than highly (say, perfectly) competitive producers?   for managerial economics class

15. All the following statements regarding the holding of the WTO dispute settlement body in United States - Measures Affecting Cross-Border Supply of Gambling and Betting Services are true exceptA. The dispute settlement body authorized Antigua to retaliate against the United States by violating the intellectual property rights of U.S. companiesB. The United States refused to comply with the dispute settlement bodys opinionC. Antigua claimed that the U.S. restriction on cross-border trade in on-line gambling and betting services violated the commitment to normal trade relations contained within GATSD. Antigua claimed that the U.S. restriction on cross-border trade in on-line gambling and betting services violated the commitment to national treatment contained within GATS