Suppose the International Olympic Committee announced that it would hold all of its Summer Games in Athens, Greece and all of its Winter Games in Sapporo, Japan. What is the likely impact on the monopoly power of the IOC, the IOCs ability to exploit an all-or-nothing demand curve, and the winners curse?

7.5. Suppose the International Olympic Committee announced that it would hold all of its Summer Games in Athens, Greece and all of its Winter Games in Sapporo, Japan. What is the likely impact on the monopoly power of the IOC, the IOCs ability to exploit an all-or-nothing demand curve, and the winners curse?

7.7. Your city is committed to raising $100 million for a new arena. The mayor suggests putting a tax on taxicab rides since out-of-towners disproportionately use taxicabs. Evaluate the wisdom of this policy decision.

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