Market power and inefficiency

The widespread and unregulated exercise of monopoly power is probable to result within: (1) economic inefficiency because price exceeds marginal cost. (2) the value of national income being higher than under competition. (3) a politically more acceptable and equitable distribution of income. (4) greater economic efficiency. (5) international conflict due to the internal contradictions of competitive capitalism.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Employment distinguish between full

distinguish between full employment and under employment

Q : Labor Unions and Aggregate salary Income

The least probable outcome when unions succeed in increasing their member’s salaries is that: (1) Wages in non-union sectors will drop. (2) Employment will produce in non-union sectors. (3) Barriers will be building up to limit the entry to unions. (4) Labor's s

Q : Monopolistic competition In which

In which market type, there is a requirement for selling or advertising costs? Answer: Beneath monopolistic competition, there is a requirement of selling costs sin

Q : Prohibition in financial intermediaries

Financial intermediaries are not: (1) channels linking parties who want to save to parties who want to invest. (2) restricted to serving primarily large savers and investors. (3) more significant in determining the U.S. money supply than all are produ

Q : Untrue of an oligopoly This is untrue

This is untrue of an oligopoly which: (i) only a few firms dominate a market. (ii) entry barriers may be important. (iii) economic profit are possible in the long run. (iv) no close substitutes exist for the product of any firm. (v) market power is sh

Q : Fundamental welfare benefits by

The incentive to work and earn income is possible to be greatest when the fundamental welfare benefit is ____ and the fundamental welfare benefit is reduced through ____ that the person earns: (w) high, the amount (x) low, the amount

Q : Signaling and Screening Completing your

Completing your degree is most probable to be a significant signal which will help you in securing a well-paid job with bright future when potential employers: (i) Want to make sure that job applicants have already acquired important amounts of precise human capital.

Discover Q & A

Leading Solution Library

Avail More Than 1427922 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1951603
Asked

3,689

Active Tutors

1427922

Questions
Answered

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

Submit Assignment