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Week 3 responses - interpretation of the text Your...

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I agree with your logic, do you see monopolies as bad things? What if you were a shareholder of stock in a monopolistic firm, would you suggest that it be broken up and share your profits with possible competitors? Travers Bracy You said, “in practice, there is no distinction between potentially efficient (where the value of gains exceeds the value of losses) and actually efficient;” great use and
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Unformatted text preview: interpretation of the text. Your understanding of the concept of Pereto-efficiency is obvious. Daniel, you hit on the same concept I did. Each participant that is affected by raising or lowering interest rates has a decision to make based on the opportunity costs. The fed anticipated one move and got another. You detailed the possible scenarios well and showed a firm understanding in my opinion....
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