Dr. Burkeys Writing Advice: Common Problems and How to Correct Them
1. its/its (1) its means it is and nothing else. (2) Its is possessive. Try changing the its to his; if
it doesnt make sense use its. Its sitting in its house.
2. Plurality: To make a wor
From Burkey, (2001) Travel Costs and Demand:
Theory and Application to Retail Liquor Sales
North Carolinas liquor sales system is truly unique in the United States, but is normally treated as a state
monopoly in studies involving liquor sales(e.g. Smith 1
Read these instructions carefully. Answer all the questions in order in the provided sheets, not on
this page. Answers on this page will not be graded. Provide your answers in a clean, precise,
and concise manner. For full credit show
Chapter 11 Notes Monopoly and Dominant Firms
Monopoly" conjures images of huge profits, great wealth, and indiscriminate power,
labeled robber barons.
But some monopolies are not very profitable
Others dominate their industry
Still others are regulated
Chapter 10 Notes Pure Competition and Monopolistic Competition
Pure competition is a standard against which other market structures are
compared. The product is perfectly undifferentiated.
When there are many firms, but the product is differentiated, th
Chapter 14 Pricing Techniques and Analysis
Value-based more than cost-based pricing often helps build profits.
Firms charge different customers different prices, which is known as differential
pricing or price discrimination.
This chapter at pricing used
Chapter 10 Cont
Price-Output Determination Under Pure Competition
Competitive firms attempt to maximize profits.
Competitive firms cannot charge more than the market price of others, since their product
is identical to all others.
Hence, competitive firms
Chap 16 Notes Government Regulation
Corporations are legal entities which exist only because governments allow them
Governments impose many restrictions on firms: mergers, patents, licensing, or
The stated intention of governments
Chapter 15 Notes Contracting, Governance and Organizational Form
Coordination and control are problems for all business organizations. The larger
the organization, the larger the problem.
Contracts help insure performance, but most contracts are incomplet