Monopoly is inefficient

Assignment Help Other Subject
Reference no: EM13335873

1. Give some reason why collusions have a natural tendency to breakdown? and show how behavior of its own members may threaten the survival of a cartel. Show how the behavior of outsiders may threaten it.

2. Economists sometimes say that monopoly is "inefficient". Explain the meaning of "inefficiency" in this context. Use a diagram to show the inefficiency.

Reference no: EM13335873

Questions Cloud

What is the three kinds of knowledge : What is the three kinds of knowledge? What is Russel's reasons ? What is categoris of propositional attitudes?
How much is paid to the vendor : A retailer purchases goods that have a list of $7,500. The manufacturer allows a trade discount 0f 40-25-10 and a cash discount of 2/10, net 30. If the retailer takes both discounts, how much is paid to the vendor?
Market and needs to compute the open-to-buy : A buyer’s is going to market and needs to compute the open-to-buy. The relevant data are as follows: planned stock at the end of March $319,999 (at retail price); planned March sales $149,999; current stock on hand (March 1), $274,000;
Percentage variation method : Determine the buyers BOM for August using the percentage variation method based on the following information: planned sales for August = $170,000; average monthly sales = $142,000; average stock for the season = $425,000.
Monopoly is inefficient : Economists sometimes say that monopoly is "inefficient". Explain the meaning of "inefficiency" in this context. Use a diagram to show the inefficiency.
Mean-median or mode of salaries : Which statistic would this company’s labor union representative be most likely to cite during contract negtiations and why? Mean, Median or Mode of salaries?
Describe the use of gross domestic product : Describe the use of Gross Domestic Product (GDP) to measure the business cycle. Describe the roles of government bodies that determine national fiscal policies.
Natural tendency to breakdown : Give some reason why collusions have a natural tendency to breakdown? and show how behavior of its own members may threaten the survival of a cartel. Show how the behavior of outsiders may threaten it.
Conducting business on a global scale : Identify the two legal systems in the world of business. Why is it important to appreciate the legal systems of other countries when conducting business on a global scale.

Reviews

Write a Review

 

Other Subject Questions & Answers

  Marketing is not everything-marketing function

It's been said that "marketing isn't everything; it's the only thing," meaning that ultimately the only function of an organization is marketing its products or services to its constituents and everything else (finance, operations, etc.) is ancillary..

  Previously agrarian society

Political scientist Robert A. Dahl described the implications of the high degree of inequality in the distribution of wealth brought about by the new economic order which replaced the previously agrarian society. It was swept onto the U.S. scene by

  Determine diagnosis code category-transient ischemic attack

Determine a diagnosis code category for the following case studies and explain the rationale for your selectionso A 68-year-old male presents to the office complaining of pronounced weakness on the right side of his body and slurred speech for the pa..

  Melting temperature-elastic modulus-thermal expansion

Make a plot of bonding energy versus separation distance for magnesium and titanium. identify the features on the plot that correspond to melting temperature (Tm), elastic modulus (E) and thermal expansion. Be sure your plot is neat and accurately sc..

  Compare-contrast two sculptures which portray human figure

Compare and contrast two sculptures which portray the human figure. One must be from either the Renaissance or Baroque period. Select the other sculpture of the human figure from any of the earlier cultures that we have studied so far, from Prehistor..

  Holding back the creation of a truly global capital market

What factors do you think are holding back the creation of a truly global capital market? How might a global capital market function differently from the present- day international market?

  Government institutions in europe

Regarding the varieties of representative government institutions in Europe, there are a number of important choices to make (e.g., majoritarian versus consensual parliamentary systems, constitutional review strength, and federalism).

  Employees as internal customers of the organization

If you view your employees as internal customers of the organization how might Kano Analysis be used?

  The rise and fall of carly fiorina

Examine how leadership is demonstrated within the article, 'The Rise and Fall of Carly Fiorina', Johnson (2008)*.

  Tremendous responsibility counselors have

In light of the tremendous responsibility counselors have in others' lives, the need to develop and maintain competency, wellness, and overall good health is imperative.

  Determining presidential powers

Presidential power and influence are often thought to be greater in the foreign policy arena than in the domestic policy arena. Why? Besides the power to pass legislation, what other powers does congress have to influence the policy-making process..

  Elements of an effective medical office financial policy

What are the basic elements of an effective medical office financial policy? In what ways do medical office procedures support financial policies? What are the consequences when office procedures do not support the financial policy?

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