Indicate on the figure the value of the consumer surplus loss due to the merger, the efficiency gain to the firm, and the transfer that will take place from consumers to producers. The house he bought is on a golf course that formerly was a hazardous waste site. That amount makes him just indifferent to bearing the risk. The Office of Management and Budget wants to set an appropriate dollar value on protecting his life through more vigilant hazardous waste cleanup efforts. Commonwealth Edison has two classes of users - industrial users and households.
Households have a more elastic demand than industrial users.
The mountain bike industry is currently not highly concentrated. Calculate the HHI index if the two largest firms in the industry were to merge. The Law School is considering additional building renovations to promote safety. It will definitely pursue one of these two safety policies, but it cannot pursue both. Assume that a donor has made money available to the school so that cost effectiveness is not an issue, only which policy should be picked.