A bottle of brandy costs £25 in Country X, including both unit tax and ad valorem tax. These taxes are applied throughout the production process.
Which of the following applies to this particular scenario? Select ALL that apply.
A railway franchise in north-eastern Messu Potami has recently changed hands, and is now being operated by the company IstClass. However, IstClass already operate the railway franchise in northwestern Messu
Potami.
Which of the following courses of action would be most appropriate for the government of Messu Potami to take?
Select ALL that apply.
The Competition and Markets Authority is a regulatory body in the UK. In 2017, the CMA found the proposed merger of Heineken and Punch Pubs in breach of its competition laws. Heineken and Punch Pubs have agreed
to divest in pubs in areas where they are the two dominant pub companies.
Which of the following are ways in which consumers might directly benefit from this decision?
Select ALL that apply.
A wireless phone manufacturer currently sells 2,000 units per quarter at a price of $400 The estimated price elasticity of demand is -2.5.
The manufacturer is considering an increase in the price to $440
What will this raise (+) or reduce (-) total revenue by? Give your answer in whole numbers.
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