Differentiate perfect and monopoly competition
Differentiate between perfect competition and monopoly competition?
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In a monopoly , you are achieving an unfair advantage over any competition because you own so many structures. Monopolies can also be named as trusts that is why you sometimes hear of Anti-Trust Law violations.
At one time, AT&T owned each and every phone, phone line and even piece of phone equipment in the nation. They controlled the industry how could you compete with them when they owned each and everything? Likewise the Post Office has an excellent infrastructure for delivering mail, but they do not have a monopoly because FedEx and UPS and DHL have all found ways to carve out a healthy piece of the parcel moving business, they do OK in competition even though UPS always grumbles about the Post Office.
An accusation of predatory pricing is complicated to prove within a court of law since: (w) firms generally have too much power. (x) consumers and juries like the low prices and are less likely to fine a firm for lowering price. (y) predatory behavior
I have a problem in economics on reading the Production Possibilities Frontiers graph. Please help me in determining the right answer from the following question. The graph below depicts the mythical country of the Sandwichia’s: Q : Microeconomics-Economic factors 1) 1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.
Give the best advantages of free market economy?
I have a problem in economics on rational consumer-Relative Prices. Please help me in the following question. The rational consumer purchasing decisions depend mainly on: (1) Current market prices. (2) Absolute prices. (3) Nominal prices. (4) Monetary prices. (5) Rela
Medicare, rent subsidies, Medicaid, and food stamps are examples of: (w) transfers in-kind. (x) cash transfers. (y) human capital programs. (z) negative income taxes. Can anybody suggest me the proper explanation for given problem
Which of the following below goods produces the greatest consumer surplus? (1) Free downloading to pirate your favorite songs. (2) Diamonds. (3) Water. (4) College textbooks. (5) Slices of the pizza. Choose the right answer from th
An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m
Can someone help me in finding out the right answer from the given options. Demand curve for the gasoline, a normal good, would shift to right when: (1) The legal least age to drive was raised to 18 all through the world. (2) New oil fields were discovered and exploit
The demand for gasoline would rise rapidly after a fifty percent: (i) Drop in the price of crude oil. (ii) Discovery of main latest oil supplies. (iii) Cut in public transportation fares. (iv) Cut in latest car prices. Discover Q & A Leading Solution Library Avail More Than 1412078 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1921823 Asked 3,689 Active Tutors 1412078 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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