Monopoly competition and perfect competition
Write down the differentiations between monopoly competition and perfect competition?
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In a monopoly, you are gaining inequitable benefits over any competition since you own so numerous infrastructures. Monopolies employed to be known as a trust that is why you sometimes hear of Anti Trust Law issues.
At one time, T and AT owned every phone line, each phone and each part of phone equipment in the country.
They monopolized the industry; how could you vie with them when they owned everything? Likewise, the Post Office has a brilliant infrastructure for delivering mail, however they don’t have a monopoly since UPS and FedEx and DHL have all found ways to carve a healthy piece of the parcel moving business, so though UPS always grumbles about the Post Office.
Testing Functional structure models: It is often hard to tell whether the functional model structure chosen (which almost always in published work appears to generate consistent and robust results) is the only one tested or not. Q : Marginal revenue for purely competitive For a purely competitive firm and for a nondiscriminating unregulated monopolist, the marginal revenue is: (1) identical to the price per unit of output. (2) equal to marginal cost when profit is maximized. (3) greate
For a purely competitive firm and for a nondiscriminating unregulated monopolist, the marginal revenue is: (1) identical to the price per unit of output. (2) equal to marginal cost when profit is maximized. (3) greate
The substitution effect signifies to the change in consumption pattern as: (1) The absolute price of the good modifications. (2) Income changes. (3) The relative price of good changes. (4) The quality of good changes. Can someone p
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to supp
When the market price is lower to cover average total costs, in that case a profit-maximizing firm will: (i) shut down instantly. (ii) continue to operate where P = MC when P > AVC. (iii) adopt newer technology. (i
When a $.10 hike within the prices per gallon decrease the quantity of unleaded gas sold with 1 million gallons daily, and the quantity of unleaded premium gas sold through 2 million gallons daily, then: (w) the demand for unleaded regular is fewer elastic than the de
Give the answer of following question. Which of the following sayings associate most closely to the idea of sunk costs? 1) Don't cry over spilt milk. 2) A bird in the hand is worth two in the bush. 3) He who hesitates is lost. 4) Show me the money.
In illustrated graph below, supply is mostly perfectly price inelastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. Q : Price hike in short run I have a I have a problem in economics on Price hike in short run. Please help me in the following question. In short run, the demand curve for the potatoes will not be influenced by price hikes for: (i) Potatoes. (ii) Bread. (iii) Rice. (iv) Steak. Q : Goods in positive price cross When two goods contain positive price cross elasticities of demand, then the two goods are: (1) inferior goods. (2) superior substitutes. (3) complementary goods: (4) gross substitute. (5) normal goods. I need a go
I have a problem in economics on Price hike in short run. Please help me in the following question. In short run, the demand curve for the potatoes will not be influenced by price hikes for: (i) Potatoes. (ii) Bread. (iii) Rice. (iv) Steak. Q : Goods in positive price cross When two goods contain positive price cross elasticities of demand, then the two goods are: (1) inferior goods. (2) superior substitutes. (3) complementary goods: (4) gross substitute. (5) normal goods. I need a go
When two goods contain positive price cross elasticities of demand, then the two goods are: (1) inferior goods. (2) superior substitutes. (3) complementary goods: (4) gross substitute. (5) normal goods. I need a go
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