Elucidate how to maintain competition
Elucidate how to maintain competition?
Expert
1. Competition is the market mechanism that encourages producers and resource suppliers to respond to consumer sovereignty.
2. If producers (and/or resource suppliers) have monopoly power, the monopolist can charge higher-than-competitive prices and supplant consumer sovereignty with producer sovereignty (or economic rent).
3. If “natural monopoly” exists, government regulates price and service. (Natural monopoly exists when technology or economic realities make a monopoly more efficient than competition.)
3. Where competitive markets are more efficient, anti monopoly laws (Sherman Act of 1890; Clayton Act of 1913) are designed to regulate business behavior and promote competition.
Briefly describe composite cost of capital? And also describe the procedure to calculate composite cost of capital?
How to construct a 2-D graph which comprises drawing a horizontal and a vertical axis?
What do you mean by the term “United State in Global Economy”?
Elucidate reallocation of Government resources?
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
The theory of pricing for particular goods explained in Adam Smith’s Wealth of Nations is most consistent along with: (1) mercantilist doctrine. (2) Richard Cantillon’s distinction between “value in
Distinguish between a change in supply and a change in the quantity supplied?
Which of the given is a quality of an oligopolistic market structure? w) There are only some dominant sellers. x) every firm sells a unique product. y) this is easy for new firms to enter the industry. z) Each firm require not react to the actions of
Illustrate and clarify the economizing problem?
18,76,764
1939378 Asked
3,689
Active Tutors
1412874
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!