### Monopoly is inefficient

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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.

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 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.

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