--%>
Assignment Help - homework help

Maximum possible profitable firm

A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the maximum possible profit. (iii) is likely to aggressively try to acquire other firms. (iv) is protected from competition through strategic barriers to entry. (v) will suffer economic losses due to asymmetric information.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Purely competitive market at

    For a purely competitive market at any equilibrium point on the short-run supply curve: (w) all firms have identical marginal costs. (x) economic profit is positive. (y) accounting profit is normal. (z) marginal revenue = average cost.

    Q : Determine most price elastic in curve

    The part of this supply curve for 2×4s which is most price elastic is in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point d and point e. (v) point e and point f.

    Q : Upward-sloping in Law of Supply The law

    The law of supply is graphically exhibited by the supply curve which is: (1) Moving all along the demand curve. (2) Vertical. (3) Upward-sloping. (4) Downward-sloping. Can someone please help me in finding out the

    		•
  • Q : Marginal costs and marginal revenue in

    Can someone help me to solve this problem as given below: A profit maximizing firm will generate where: (w) MR > MC. (x) MC > MR. (y) MR = MC. (z) ATC > P > MC. How can I solve my

  • Q : Higher prices and lower output in market

    When a previously competitive industry becomes monopolized along with no consequence on market demand or the structure of production costs, the effect will be: (w) higher prices and greater output. (x) lower prices and greater output.

    		•
  • Q : Meaning of tax Meaning of tax : Tax is

    Meaning of tax: Tax is a legally compulsory payment imposed on the people by the government. There are two kinds of taxes: Direct taxes and Indirect taxes.

    		•
  • Q : Morphological attribute After the

    After the morula phase what is the subsequent stage? What is the morphological attribute which defines this phase?

    		•
  • Q : Relative Income Measures and

    After adjusting income for taxes and transfers, affects that would be least responsible for the reducing percentages of the U.S. population classified like “middle relative income” from 1976 is probably: (

    		•
  • Q : Prices decrement in price elasticity of

    When animal rights activists persuade several fur coat buyers to switch to micro-fiber jackets as well as pelt prices decrease from $150 to $50 each, resultant in the baby seal harvest decreasing from 18,000 to 6,000 yearly, in that case the price elasticity

    		•
  • Q : Define demand with market supply and

    When technological advances boost market supply and total revenue both within an industry, in that case: (w) demand is relatively price elastic. (x) the industry is dominated by a monopoly. (y) patenting technological advances ensures

    		•