Profits of large corporations

Can someone help me in finding out the right answer from the given options. The enormously high profits of big corporations are: (1) Incentives which attract the competition by other firms. (2) Immune to the business cycles. (3) Mainly due to the corporate manipulation of consumers. (4) Symptoms of cut-throat competition.

View Complete Question

Related Questions in Microeconomics

Q : Why is the ATC bigger than AVC Why is

Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC

Q : Demand and supply problem Assume that

Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans?

Q : What is involuntary unemployment What

What is involuntary unemployment: The people who are willing to work at given wage rate do not obtain work.

Q : Consumption of goods changes as income

This below figure demonstrates how consumption of goods A, B, C and D changes as a family’s income changes. When income increases, the income elasticity of demand is positive although declining for: (w) good A. (x) good B

Q : Effects of average production costs on

The economies of scale exist whenever average production costs: (1) Increase as the level of output increases. (2) Drop as the level of output increases. (3) Stay similar as the level of output increases. (4) Drop as the level of output drops.

Q : Meaning of utility For economists, the

For economists, the term "utility" signifies: 1) versatility and flexibility 2) rationality 3) pleasure and satisfaction 4) purposefulness.

Q : Monopsonistic labor market-wage

In the monopsonistic labor market in which wage discrimination is not possible, the raise in the minimum wage: (i) Essentially outcomes in less employment and higher wages. (ii) Might result in both the higher level of employment and the higher wage rate. (iii) Unifor

Q : Determine average variable cost in curve

As din demonstrated curve J in below is this Christmas tree: (w) industry’s supply curve. (x) firm’s demand curve. (y) firm’s average variable cost curve. (z) firm’s short-run supply curve.

Q : Demand curve for software upgradation

Microsoft charges a substantially lower price for a software upgrade than for the initial purchase of the software. This implies that Microsoft views the demand curve for the software upgrade to be: A) more elastic than the demand for the original software. B) upslop

Q : Good taxed revenue of price inelastic

Government tax revenue would raise most from a specified tax when the good taxed contain a relatively: (w) price elastic demand. (x) price inelastic demand. (y) unitary price elastic demand. (z) flatter demand curve.

Discover Q & A

Leading Solution Library

Avail More Than 1448387 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1950266
Asked

3,689

Active Tutors

1448387

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment