U. s. issues arctic drilling permit to royal dutch shell the u. s. government has given royal dutch shell permission to drill for oil and natural gas in the arctic ocean. environmentalists say it is the wrong decision. source: the wall street journal, august 17, 2015 are the oil and gas reserves public goods, private goods, or common resources? when an oil company receives a permit to develop a particular oil reserve, is that oil reserve a public good or a private good? will the oil company produce an inefficient quantity or an efficient quantity? explain. oil and gas reserves are a. a private good b. a common resource c. a public good

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.