Unintended consequence of eliminating middlemen

Assignment Help Business Economics
Reference no: EM131091798

Some discount stores advertise that they can sell for less because they can buy directly from the manufacturer and sell to the consumer, thus eliminating many middlemen. What is the flaw in this reasoning and what would be the unintended consequence of eliminating middlemen?

Reference no: EM131091798

Questions Cloud

Contributing towards a successful it project : What are three important IT governance ideas you have for contributing towards a successful IT Project and explain why they are important.
Wall street journal and related articles : You are to select three articles to review and analyze. Two of the articles will come from those I have posted on the class website: one article from the Articles folder and one from the Articles-Ethics folder.
Consumer surplus in this market equals : In a competitive market, the demand and supply curves are Q(p) = 12 - p and S(p) = 5p respectively. Consumer surplus in this market equals? What percentage of the total surplus is lost if the government imposes a sales tax (ad valorem) of 20% collect..
Market for smartphones is perfectly competitive : Suppose the market for smartphones is perfectly competitive with current price being $1OO/phone. If the demand for smartphone increases due to additional features available through higher bandwidth (Think of these as 5-G phones). What will happen in ..
Unintended consequence of eliminating middlemen : Some discount stores advertise that they can sell for less because they can buy directly from the manufacturer and sell to the consumer, thus eliminating many middlemen. What is the flaw in this reasoning and what would be the unintended consequence ..
Define cardinal and ordinal utility : Define cardinal and ordinal utility. What is the difference between the two? In economics, is utility measured cardinally or ordinally and why is this so?
What negatives could kurt thaldorf help them to decrease : For buying influences in the even keel or overconfident mode, what strategies could Kurt Thaldorf deploy to move them to either a growth or trouble mode?
Experimentation with screen captures of executing : 1. Change the code to average 20 integers as opposed to 10. Support your experimentation with screen captures of executing the new code.
What would be the expected density of the extracted dna : What would be the expected density of the extracted DNA? What band(s) would be expected if subjected to ultracentrifugation through a CsCl gradient?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd