Your responses to the short answer questions should not have to be lengthy unless specified. A few short sentences will suffice for what I am asking in most cases. Please be as parsimonious as you can!
42. How would the assumption of perfect information in the theory of perfect competition
render advertising utterly ineffective? (5 points)
43. We talked quite a bit about textbook monopoly theory and its potential weaknesses. Why
does the theory appear to be inapplicable (that is, why doesn’t there seem to be much
evidence in the real world)? (I’m looking for a very specific answer, as we discussed it
often.) (6 points)
44. The term “robber baron” is usually meant as a slur against the industrialists of the late 19th
and early 20th centuries. Why might this derogatory smear be inappropriate or even unfair?
(6 points, the answer to be given is from the context of our extensive discussions of
Monopoly)
45. Robert Murphy makes the case in “Trusting the Feds on Antitrust” that the textbook model
for analyzing and regulating monopolies is inappropriate for economic policy theorists even
for the most egregious historical examples of monopoly. In 100 words or less, explain his
argument using both your understanding of his position and your understanding of the text-
At Solution Essays, we are determined to deliver high-quality papers to our clients at a fair price. To ensure this happens effectively, we have developed 5 beneficial guarantees. This guarantees will ensure you enjoy using our website which is secure and easy to use.
Most companies do not offer a money-back guarantee but with Solution Essays, it’s either a quality paper or your money back. Our customers are assured of high-quality papers and thus there are very rare cases of refund requests due to quality concern.
Read moreAll our papers are written from scratch and according to your specific paper instructions. This minimizes any chance of plagiarism. The papers are also passed through a plagiarism-detecting software thus ruling out any chance of plagiarism.
Read moreWe offer free revisions in all orders delivered as long as there is no alteration in the initial order instruction. We will revise your paper until you are fully satisfied with the order delivered to you.
Read moreAll data on our website is stored as per international data protection rules. This ensures that any personal data you share with us is stored safely. We never share your personal data with third parties without your consent.
Read moreOrdering and sending money to us is an indication that you are purchasing our products and services. To have business talks laid out in the official language, you can check on our terms and conditions and get more information about this.
Read more