Main cause of oligopolies
A main cause of oligopolies is: (w) mergers. (x) economies of scale. (y) barriers to entry. (z) all of the above. Please choose the right answer from above...I want your suggestion for the same.
A main cause of oligopolies is: (w) mergers. (x) economies of scale. (y) barriers to entry. (z) all of the above.
Please choose the right answer from above...I want your suggestion for the same.
When this is feasible for total revenue to cover all variable costs, in that case a profit maximizing monopolist will generate: (w) where marginal revenue equals marginal costs [MR = MC]. (x) in the inelastic portion of the demand cur
Market for goods is in equilibrium. There is an increase in demand for this good. Describe the chain of effects of this change. Elucidate with the help of diagram.
Elucidate any four factors which affect the price elasticity of demand.
I have a problem in economics on Problem on falling income causes increase in demand. Please help me in the following question. If falling income causes the demand for a good to rise, it is an: (1) Inferior good. (2) Costly biological necessity. (3) N
The demand curve facing a purely competitive seller is: (a) negatively sloped. (b) horizontal at the market price. (c) vertical at the market quantity. (d) the horizontal summation of all potential buyers’ individual demand curves. (e) market de
Data on poverty into the United States indicate which: (w) in absolute numbers, additionally blacks are below the poverty line than whites. (x) in absolute numbers, more whites are below the poverty line than blacks. (y) the poverty rate is lower for
When the distributions of income were suitable, when there were no externalities, and when the economy was purely competitive, in that case market forces would yield production and distribution of penicillin consequent to: (i) point a. (ii) point b. (
Price controls are intended to: (w) eliminate arbitrage and speculation. (x) stabilize prices. (y) make sure laissez-faire policies. (z) ignore shortages and surpluses. How can I solve my economics problem? Please
The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (1) Should set wages via collective bargaining agreements with th
An example of the vertical merger would be: (i) Merging the Oscar Myer hot dog Company with Wrangler Jeans Company and Aquafina Water Company. (ii) The log cabin architecture firm merging with the logging company and construction company. (iii) Merger between Wachovia
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