Vigorous competition by firms in an industry

Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous competition by several firms in an industry. (z) positive externalities and non-rivalry for public goods.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Individual Welfare Recipients If an

If an individual receives benefits from the government, associate to the benefits everyone else receives, which exceed the individual’s taxes like a proportion of total tax payments by all citizens, which individual can reasonably be viewed like

Q : Problem Bilateral Monopoly The word

The word economists employ to explain a condition where a powerful seller confronts the powerful buyer is: (1) Reciprocal exploitation. (2) Strategic bloc management. (3) Dialectical bargaining. (4) Ancillary reciprocity. (5) Bilateral monopoly.

Q : Classification of Surveys as

Surveys can be classified as probabilistic sampling: • Simple random sampling: If you have a relatively small, self-contained, or clearly stated population, suc

Q : Perfectly inelastic supply of labor

Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 2</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Problem on decline in demand function

In the month of January, Disney World in Florida cut its ticket prices into half and starts letting all kids beneath age five without charge. The economic forecaster might reasonably expect: (1) A decline in demand for the tickets to Disney Land in California. (2) A r

Q : Substitutes and compliments pizza and

pizza and sausage substitute or compliment wheat and rye substitute or compliment

Q : Problem on price elasticity and total

A) Use the table below to draw graphs that show the relationship between price elasticity of demand and total revenue. <

Q : Problem on equilibrium market price I

I have a problem in economics on equilibrium market price. Please help me in the following question. The equilibrium market price subsists only if: (1) Quantity demanded equivalents the quantity supplied. (2) Surpluses exceed the shortages. (3) Expert

Q : Comparing monopolistic competition to

If comparing monopolistic competition to pure competition within the long run: (w) product differentiation definitely improves social welfare. (x) only monopolistic competitors may earn economic profits. (y) only pure competitors oper

Q : Elasticity and profit maximization An

An imperfectly competitive firm can maximize profit within the long run only at prices and also outputs where demand elasticity is: (w) greater than or equal to 1. (x) less than 1. (y) less than 0. (z) between 0 and 1.

Discover Q & A

Leading Solution Library

Avail More Than 1457128 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1942714
Asked

3,689

Active Tutors

1457128

Questions
Answered

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

Submit Assignment