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.
Suppose the U.S. wheat market is primarily in a stable equilibrium upon S0D0. Assume now that the government institutes a legal price floor at P3 per bushel of wheat. When the government will buy and store any resulting surplus
Marginal revenue is NOT: (i) similar as average revenue or price for a competitive firm. (ii) identical to the price of output for firms along with monopoly power. (iii) specified by (change in TR)/ (change into Q) for all firms. (iv) derived by the d
A competitive firm will demand more labor when: (1) technological advances favor automation. (2) the price of the firm's output rises. (3) more firms enter the industry. (4) the value of the marginal product is below the wage rate. (5) workers utilize
The economic foundations of the single-tax progress were first presented through: (1) British Prime Minister Lloyd George. (2) John Stuart Mill. (3) Henry George. (4) David Ricardo. (5) George Stigler. How can I so
Whenever maximizing the firm profit conflicts with self-interests of business managers, this can lead to the: (i) Principal-agent problems. (ii) Negative accounting gain. (iii) Maximization of the revenues. (iv) Negative economic gain. Q : Total fixed costs of purely competitive Such lumber mill has incurred total fixed costs which average approximately: (1) $300 daily. (2) $500 per day. (3) $700 Per day. (4) $900 per day (5) $1100 per day. Q : Minimum wage law for poor workers A A minimum wage law does NOT make pressures which tend to: (1) benefit high wage workers. (2) cause unemployment among unskilled workers. (3) uniformly help poor workers. (4) increase teenage unemployment. (5) foster discrimination. Q : Implications of law of demand what are what are the implications of law of demand to the government,household and business
Such lumber mill has incurred total fixed costs which average approximately: (1) $300 daily. (2) $500 per day. (3) $700 Per day. (4) $900 per day (5) $1100 per day. Q : Minimum wage law for poor workers A A minimum wage law does NOT make pressures which tend to: (1) benefit high wage workers. (2) cause unemployment among unskilled workers. (3) uniformly help poor workers. (4) increase teenage unemployment. (5) foster discrimination. Q : Implications of law of demand what are what are the implications of law of demand to the government,household and business
A minimum wage law does NOT make pressures which tend to: (1) benefit high wage workers. (2) cause unemployment among unskilled workers. (3) uniformly help poor workers. (4) increase teenage unemployment. (5) foster discrimination. Q : Implications of law of demand what are what are the implications of law of demand to the government,household and business
what are the implications of law of demand to the government,household and business
The absolute intensity of one consumer’s preferences and tastes as compared to the absolute intensity of the other consumer’s tastes and preferences is as: (1) Dependent on the supplies of specific products. (2) Individually recognized in
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
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