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2 years ago

Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.

Business

1 answer:

irga5000 [103]2 years ago

7 0

The equilibrium point in a competitive market exists at the point of optimal market efficiency.

<h3>What is competitive market?</h3>

A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.

In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.

No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.

To learn more about competitive market refer to:

brainly.com/question/8753703

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3 years ago

You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?

Fittoniya [83]

Answer:

The correct answer is "$10,607.92".

Explanation:

Given:

Amount borrowed,

P = 100000

Interest rate,

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or,

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Time,

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Now,

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3 years ago

Saint Petersburg Gambles - You are offered the following gamble based on coin flips. If the first heads occurs on the first flip

makkiz [27]

Answer:

The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.

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Explanation:

Saint Petersburg Gambles

The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.

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3 years ago

Determine the missing amounts.Unit SellingPriceUnit VariableCostsUnit ContributionMarginContribution MarginRatio1. $650 $390 $en

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Answer:

I tried to order the information and prepared the following table:

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Unit Variable Costs = $390 c)$108 f)$1,495

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contribution margin ratio = (revenue - cogs) / revenue or

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3 years ago

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Explanation:

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3 years ago

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