The hypothesis that regulators eventually adopt policies that benefit the producers in the industry is known as the
A) capture hypothesis.
B) producers' hypothesis.
C) share-the-gains, share-the-pains hypothesis.
D) it's-a-rip-off hypothesis.
A
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Transcendent Alternatives Transcendent Technologies is deciding between developing complicated, thought-activated software, or simple, voice-activated software. The voice-activated software would cost $50 million to develop and has a 60% chance of being
successfully launched and generating revenue of $100 million. The thought-activated software would be a bonanza if successful, generating $1 billion in revenue. But it is so complicated, it is projected to cost would be $400 million. How likely would success have to be for Transcendent Technologies to opt for the thought-activated software?
Is a tornado siren excludable? Is it rival in consumption? How do we classify a tornado siren in terms of the four types of goods?
The expected revenues in auctions with risk-averse bidders with independent private values will be:
A. English = Second price = First price = Dutch. B. English > Second price > or < First price = Dutch. C. English > Second price > First price = Dutch. D. First price = Dutch > English = Second price.
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be a one-time expense of the business?
A. The cost of the truck B. The cost of the gasoline C. The cost of ice cream cones D. All of these are one-time expenses.