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.

Frito-Lay dominates the snack food business,  with half of all salty snack items.  Competitors say that Frito-Lay has secured its dominant position with shelf-space rentals in retail stores,  paying as much as $40,000 annually to secure prime shelf space in grocery and convenience stores.  “Frito can afford it, ” says a regional rep for a competing company,  “we can’t”. A.   Explain what type of market structure firms in the salty snack foods market operate under.  Why do you say that? B.  What are the costs faced by firms in salty snacks?  Please label whether these costs are fixed or variable,  implicit or explicit. C.   Why is there so much advertising in the salty snacks industry? Does advertise promote efficiency or inefficiency?  Explain

The ___________ model is employed when the police feel certain groups must be controlled by “no protest zones, heavy use of lethal force weaponry, surveillance of protest organizations, negative advance publicity about protest groups, preemptive arrests, preventative detentions, and extensive restrictions on protest timing and locations”.

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.

Long-run equilibrium for a monopolistically competitive firm where economic profits are zero results from

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FirmMarket Share (%)A20B20C20D20E10F10 Refer to the data. The Herfindahl index for the industry is

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This US Supreme Court case decided that law enforcement can use stop and frisk, if they have a reasonable suspicion the person has completed or is about to commit a crime.

Some assert that oligopoly is less desirable than pure monopoly. Which of the following is a basis for that argument?