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1: For each of the following events, determine if a firm's market power increased or decreased and explain why. a) The ban on Uber and
1: For each of the following events, determine if a firm's market power increased or decreased and explain why. a) The ban on Uber and Lyft in Eugene is taken away b) In 1980, the US government began allowing railroads to set their own prices to ship goods. Previously, railroads were required to set their prices based on a restrictive formula determined by the government. c) Originally, Bob's Burgers had to compete with Pesto's Pizzeria in Wagstaff. After a health code violation, Pesto's Pizzeria had to close. d) Patents allow a firm to be a sole producer of a good for 20 years. I own a patent on flying cars, and the patent just expired. e) Girl Scouts are forced to give up their cookie recipes. f) I am a manufacturer of Hummers and the demand for Hummers decreases
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