the role of windfall profits in the oil industry assignment help

BA540 Managerial Economics

Skousen, M. (2013). Economic Logic. Fourth Edition. Regnery Publishing

Get Your Custom Essay Written From Scratch
We have worked on a similar problem. If you need help click order now button and submit your assignment instructions.
Just from $13/Page
Place an Order

ISBN 9781621572220

Price Increases and Property Tax – 250 words

Get Assignment Writing Help

Our experts are ready to complete your assignment, course work. essay, test, dissertation, research paper, quiz

Get Started

Problem 4 in the “Problems to Ponder” section at the end of chapter 9 asks about the oil price increase from 1973-1980. We have also seen this in 2005 and 2010, although not as dramatic a price increase. Please answer the questions in this problem. Discuss.

Problem #4 – When oil prices increased 10 fold during the 1973-80 energy crisis, many oil companies made huge profits. During this energy crisis, Congress considered imposing an “excess profits” tax on oil companies. If you were in Congress, would you vote for such a tax? Do unexpected monopolistic profits serve any useful function in a market economy? (Hint: Could additional oil revenue be used to explore and develop new oil fields?)

Needs help with similar assignment?

We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper

Order Over WhatsApp Place an Order Online

"Do you have an upcoming essay or assignment due?


Get any topic done in as little as 6 hours

If yes Order Similar Paper

All of our assignments are originally produced, unique, and free of plagiarism.

Stuck with a Question?

Get it solved from our top experts within 8 hrs!

Ask Your Question Now!

"Are you looking for a similar assignment? if yes, we are ready to help"

Order New Solution

You will get 100% plagiarism free and professional written paper.