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All answers should have a minimum of 150-200 words

Question 1
Go to the internet and find a news article from 2017-2018 that discusses changes in demand and supply of particular goods/services, summarize key points. Refer to content materials and use specific economic vocabulary within your summary, i.e. demand, quantity demanded, determinants of demand, shifts in demand curve, etc. Likewise with supply. Also you should discuss changes in equilibrium quantity and equilibrium price.The article you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate. Make sure to insert hyperlink of article

Question 2
The Bureau of Economic Analysis provides profit data for various industries in the United States.

Go to www.bea.gov

Click on Corporate Profits

Click on National Income and Product Accounts Tables

Choose a table from a list of Selected NIPA Tables

Scroll down and find the Table 6.16D on Corporate Profits by Industry”

In your initial response to the topic you have to answer all questions:

1. Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits:

Financial or nonfinancial
Manufacturing , transportation and warehousing, wholesale trade, or retail trade
Durable goods or nondurable goods

2.During the past years, which sectors had the largest and smallest percentage increase in profit?
3. Which sectors, if any, experienced losses?
4. What are the implications of the profit changes for expansion or contraction of the particular industries?

Question 3
Go to the internet and find a news article published within the last three months that discusses perfect competition, summarize key points

Question 4
In 2002 a U.S. court of appeals imposed remedies relating to a lower court’s findings that Microsoft had a monopoly in personal computer (PC) operating system and had maintained its monopoly through illegal actions.

At the U.S. Justice Department’s Web site, www.usdoj.gov,

Click on the Agencies on the top of the window,

Click on Antitrust Division and then on website

Click on Antitrust Case Filings

Find U.S. vs. Microsoft case filings.

Scroll down to District Court filings and find Findings of Fact

In the list of Findings of Fact find Court’s Findings of Fact (11/5/99).

In your initial response to the topic you have to answer all questions:

On what basis did the court conclude that Microsoft was a monopoly (see “Market Share”)?
What was Microsoft’s market share of Intel-compatible PC operating system? Of all operating system, including those of Apply computers?
What evidence did the court cite in claiming that Microsoft charged above-competitive prices (see “Microsoft’s Pricing Behavior”)?

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