Microeconomics (Christopher T.S. Ragan) (z-lib.org)

partly determined by natural endowments (geographical and climatic conditions), partly by public policy, and partly by historica ...

strict than in criminal cases, in which convictions require proof “beyond a reasonable doubt.” The Competition Tribunal adjudica ...

32.1 The Gains from Trade An economy that engages in international trade is called an open economy ; one that does not is called ...

This possibility presents a significant challenge to competition policy. The challenge is to prevent those mergers that mostly l ...

Trade among individuals allows people to specialize in activities they can do well and to buy from others the goods and services ...

The Reforms of 2009 For many years, Canadian legislation provided substantial protection to consumers against the misuse of mark ...

residents want to consume, while for other goods there is not enough domestic production to meet residents’ demand. Internationa ...

revenues on a total of 19 routes. The Competition Bureau saw this venture as a clear effort to create monopoly power that would ...

Illustrating the Gains from Trade Our discussion so far has emphasized the differences that exist between individuals, regions, ...

Future Challenges Three challenges to the future of competition policy are worth noting. Two emanate from the ongoing process of ...

Table32-1 Absolute Costs and Absolute Advantage the country that can produce a specific good with fewer resources can produce it ...

A third challenge comes from the growing importance of firms’ use of digital platforms and their access to data. Many technology ...

In Table 32-1 , the absolute cost for both wheat and cloth is less in Canada than in the EU. Canada is therefore said to have an ...

Summary ...

Table32-2 Opportunity Costs and Comparative Advantage still accepted by economists as a valid statement of one of the major sour ...

12.1 Productive and Allocative Efficiency LO 1, 2 Productive efficiency for the firm requires that the firm be producing its out ...

Even though a country may have an absolute advantage in all goods (as Canada does in Table 32-1 ), it cannot have a comparative ...

12. 2 Economic Regulation to Promote Efficiency Efficiency LO 3 Two broad types of policies are designed to promote allocative e ...

Table32-3 The Gains from Specialization all goods. In Table 32-2 , Canada has a comparative advantage in the production of wheat ...

12.3 Canadian Competition Policy LO 4 Canadian competition policy is designed to restrict mergers and trade practices that undul ...