The __________________ is a type of warrant used when the police have a reasonable suspicion that those inside the location might destroy physical evidence or be a physical threat.

Suppose that a monopolistically competitive restaurant is currently selling 250 meals per day (the output where MR=MC).  At that output level, ATC per meal is $5 and consumers are willing to pay $8 per meal.  a) What is this firm’s profit or loss?  b) Will there be entry or exit into or out of the industry?  How do you know? c) What will happen to the restaurant market in the long run?  Hint:  you should be able to explain whether demand or supply shifts as a result.

Suppose that a pure monopolist can sell 15 units of output at $10 per unit and 16 units at $9.90 per unit. For the monopolist to profitably produce and sell the sixteenth unit of output, its marginal cost must be anywhere at or below  

Under monopolistic competition, entry to the industry is

Suppose that a pure monopolist can sell 15 units of output at $10 per unit and 16 units at $9.90 per unit. For the monopolist to profitably produce and sell the sixteenth unit of output, its marginal cost must be anywhere at or below  

The MR = MC rule

Evaluate the concepts of determinant and indeterminate sentencing, discussing their key characteristics and implications for the criminal justice system.

The ___________________ Act is a federal policy that requires local police to detain those who have entered the US illegally and also have a criminal conviction until they can be picked up by an Immigration & Customs Enforcement officer.

The __________________ is a type of warrant used when the police have a reasonable suspicion that those inside the location might destroy physical evidence or be a physical threat.

Please show your calculations for the following: Suppose that the most popular car dealer in your area sells 20 percent of all cars.  a)If all other car dealers sell either the same number (20%) or fewer,  what is the largest value that the  Herfindahl index could possibly take for car dealers in your area?  Show your calculation b) In that same situation,  what would  the four-firm concentration ratio be?  Show your calculations c) What would your result tell you about the market structure of car dealers in your area?