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Discussion 7: Chapter 8 Discussion: The Size of Ethanol Processing Plants

After reading the above Mini Case on p. 242, answer the following questions.

1. You have read in this chapter that competitive firms neither realize profits, nor incur losses in the long-run due to free entry and exit of new firms, assuming the prices of inputs (labor, capital, etc. remain unchanged) . Use the Mini-Case story of the ethanol plants during 2006 and 2016 to demonstrate the above assertion.

2. Give an additional example to the ethanol plants mini-case used here.

Discussion Rubrics: Critical thinking, logical argument and/or communication skills

Discussion 8: Chapter 9: Monopoly Discussion-The Candian Medical Marijuana Market

After reading the above Mini Case on p. 290, answer the following question.

Discuss the pros and cons of the creation of a medical marijuana monopoly and later legalization of medical marijuana by the Canadian government in terms the price the users pay, the quantity of medical marijuana produced, and resource allocation efficiency during regulation and after its legalization.

Discussion Rubrics: Critical thinking, logical argument and/or communication skills

Discussion 10: Chapter 12 Discussion-Mini Case: Cheap Talk in eBay's Best Offer Market

After reading the above Mini Case on p.399, answer the following questions.

Discuss the mini case in terms of eBay's strategic move.

Discussion Rubrics: Critical thinking, logical argument and/or communication skills