Recently, we watched the film "The Hunting Ground." The film exposes a link between the profitability of universities and their willingness to protect student athletes from investigation or disciplinary action when they are accused of sexual assault. Do you think universities can prevent the conflict of interest that pits justice against financial gain in industries like sports and fraternities? How?

What characterizes a market structure known as Oligopoly?  How does Oligopoly is both similar to and different from Pure Monopoly?

why do many economists, pundits, and government officials continue to believe that the state must possess the power to regulate, or even to break up, firms simply because some particular firms are today large or “dominant”?

Consider the following simplified scenario. Imagine that the Australian national rugby union (for short, Rugby AU) has exclusive rights to organize the games played by the national team. Rugby AU decides that the next match, between the Wallabies and the All Blacks (i.e., the Australian and the New Zeeland national rugby teams), will be hosted at the Marvel Stadium in Melbourne. Rugby AU has no fixed costs for organizing the game, but it must pay a marginal cost MC of $20 per seat to the owners of the Marvel Stadium. Two types of tickets will be sold for the game: concession and full fare. Based on any official document that attests to their age, children and pensioners qualify to purchase concession tickets that offer a discounted price; everyone else pays the full fare. The demand for full-fare tickets is QF(P) = 120 – 2P. The demand for concession tickets is QC(P) = 80 – 2P.   Question : Use a diagram to illustrate the producer surplus PSF that Rugby AU enjoys, the consumer surplus…