Ideal conditions for laissez-faire economy

Assignment Help Business Economics
Reference no: EM13860777

Which of the following are the ideal conditions for a laissez-faire economy?

a. external benefits and perfect competition

b. external benefits and oligopoly

c. no externalities and no barriers to entry

d. no externalities and moderate barriers of entry to protect consumers

e. either A or B

Reference no: EM13860777

Questions Cloud

Ideal conditions for laissez-faire economy : Which of the following are the ideal conditions for a laissez-faire economy?
Equation that gives every bundle of cigarettes and coffee : Iggy only consumes two goods: coffee and cigarettes. Three cigarettes can be traded for one cup of coffee in a free market, or one cup coffee can be traded for three cigarettes. Iggy initially has 12 cigarettes and 5 cups of coffees.  Find an equatio..
Costs even though they are counted as income paid to persons : Which of the following items are not considered resource costs even though they are counted as income paid to persons?
Define what form entails and its impact to the healthcare : Create a 2-page list of forms that you believe should be required for new patient admissions within medical facilities. Define what each form entails and its impact to the healthcare organization.
Ideal conditions for laissez-faire economy : Which of the following are the ideal conditions for a laissez-faire economy?
Discuss the symptoms of a dysfunctional cost system : Describe the functions of a cost system and discuss the symptoms of a dysfunctional cost system.
Write a vbnet windows application to aid in the calculation : Write a VB.NET Windows application to aid in the calculation of reconnect charges for delinquent electric customers. When customers fail to pay their electric bill.
Explain the competitive advantage of your hrm strategy : Design a human resource management strategy to support your selected company's business strategy. Explain the competitive advantage of your HRM strategy
Preferences for quarters and dimes-convex preferences : Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The Coke machine requires exact change -two quarters and a dime. No other combination of coins will make anything come out of the machine. Draw a graph that illustrates ..

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