Discuss how monopoly market structure is related to the concepts of the lazy monopolist and x-inefficiency. What are some real world examples of innovative firms and what is their market type?
2. Week 5 DQ 2 - U.S. Union Membership Increased competition in U.S. markets is also one of the reasons why union participation remains low in the U.S. labor force. Union membership in the U.S. has declined steadily over the last several decades, reducing the amount of bargaining power that many workers have with employers. For example, outsourcing to low wage countries overseas has accelerated this trend as manufacturers move to these countries in an attempt to avoid U.S. union policies in their industry.
What is the current percentage of the U.S. labor force which is unionized? How much has this percentage declined from a previous period such as the 1970s? How does current U.S. union membership compare to other developed countries such as France, Sweden, Canada, etc?
3. Week 4 DQ 1 - Government Failure If the government intervenes in an attempt to solve a negative externality it can worsen the problem as you state in your post, which could be called government failure instead of market failure. Even though market failure exists and markets may often have imperfect information, government may not be able to solve all market failure problems.
In Chapter 21, Colander lists five possible reasons for government failure. Please list the five reasons cited by Colander. Of the five reasons listed by Colander in the textbook, which do you think most often applies to government failure? Please explain your answer
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