Behavioural economics – Monopoly, patents and loss of consumer surplus regarding pharmaceutical companies The intuition of monopoly and of patents as a ‘temporary monopoly’ for drug companies to make their profits back Discuss the inefficiency of monopoly in terms of loss of consumer surplus by using a diagram in order […]

Case: Ford and the World Automobile Industry in 2009 Name: ______________________ Date: ______________________ Case: Ford and the World Automobile Industry in 2009 Directions: A case usually contains the information about the firm and its environment that you will need to perform an analysis and develop specific arguments. However, a case […]

Key issues discussed as the “firefighters’ case” (Ricci v. DeStefano) worked its way to the Supreme Court in 2009 were: a) “disparate impact” in relation to Title VII of the Civil Rights Act, b) arguments that urge courts to be “color blind” in their deliberations, and c) the concept of […]

COMPETITIVE RIVALRY – Industry growth, storage costs, product differentiation, and capacity increased in large increments, diverse competitors, high stakes and exit barriers. What are the most important elements of competitive rivalry in your industry? What are the number of firms and their number of employees? What is the organization of […]