Imagine that it is the year 2199. Technology has progressed at an incredible pac
ID: 3690504 • Letter: I
Question
Imagine that it is the year 2199. Technology has progressed at an incredible pace. The latest discovery is the plutonium engine, which is capable of converting Plutonium, a by-product of nuclear fission, into fuel to power the nuclear reactors in our new form of transportation, the rocket-car. However, because the firm that invented the engine, the Futures Unlimited Corporation, already has a government license to control and distribute the quantity of this certain isotope of plutonium on the market, it is now conceivably in charge of a monopoly on plutonium-fueled transportation. Step 2 Use the scenario to answer the following questions. In a one-page (250-word) document, answer the following questions using the scenario in Step 1: Describe the economic outcome of this single-price monopoly in terms of profit. Who gains and who loses in the long run? How does the Futures Unlimited Corporation make output and price decisions? How do different types of price discrimination affect monopoly profits? What methods of monopoly regulation can be implemented against the Futures Unlimited Corporation? Examine the additional impacts such regulations might have on the company and the industry as a whole. Imagine the discovery of a different isotope of plutonium for fuel that is available to any business that wishes to enter the market. What type of market is Futures Unlimited Corporation now operating in? How do the two markets compare? Step 3 Save and submit your assignment. When you have completed your assignment, save a copy for yourself in an easily accessible place and submit a copy to your instructor.Explanation / Answer
Energy development is a field of endeavor focused on making available sufficient primary energy sources and secondary energe forms to meet the needs of society.These endeavors encompass those which provide for the production of conventional, alternative and rewble sources of energy, and for the recovry of reuse energe that would otherwise be wasted. Energe conversatin and efficency masure reduce the impact of energy development, and can have benefits to society with changes econamic cast and with changes in the enviroment effict.
Contemporary industral socilits use primary and secondary energy sources for transportation and the production of many manafature good. Also, large industrial populations have virus generatin and delivery services for energe distribution and end user utilization. This energy is used by people who can afford the cost under various climate condition through the use of heating veltutioan or air condition. Level of use of external energy sources differs across societies, along with the convenience, levels of trsfic congetion , pollution source and availability of domostic pollution source.
Thousands of people in society are employed in the energey industry. of which subjectively influence and impact behaviors. The conventional industry comprises the petrolem industry the gas industry, the electrical power industry the coal industry, and the nucluer industry energe. New energy industries include the nenawable energe soruce , comprising alternative and sustainable manufacture, distribution, and sale of alternative fulds. While there is the development of new hydrocarben sources, includin deep water/horzental energe and fracking are continuously underway, commitments to mitigate climate change are driving efforts to develop sources of alternative and renewable energy.