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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.

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Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she

Elanso [62]

Answer:

A) is maximizing her total utility from the given fixed budget.

Explanation:

The equal marginal principle refers to the principle in which the consumer would select that combination of goods which maximise its total utility. It could be selected by having marginal utility and its price

And for profit maximization, the marginal utility and the price is equivalent to both the goods.

i.e

$\frac{MU_X}{P_X} = \frac{MU_Y}{P_Y}$

$\frac{60}{2} = \frac{30}{1}$

30 = 30

Hence, the correct option is a.

5 0

3 years ago

Select the correct answer from each drop-down menu.

LUCKY_DIMON [66]

Answer:

1. Technical improvements cause production costs to decline, which causes supply to increase and prices to decrease.

2. Decreased unemployment causes consumer incomes to increase which causes demand to increase and hence price to increase.

Explanation:

Demand refers to a consumer's desire to purchase a particular good or service at a given time for a specific price. Supply on the other hand, is the willingness of a producer to produce a particular good or service at a given time for specific price.

1. Production cost is a factor that influences supply. For example, cost of labor or raw material cost. When production costs fall, more products can be produced at a lesser cost. Hence'

The supply curve shifts right from S1 to S2.
This causes quantity supplied to increase from QS1 to QS2
And price to fall from P2 to P1. Please refer Diagram 1 in attachment.

2. When unemployment decreases, it means that more people are working in the economy and hence their incomes are also higher. This means there is a higher purchasing power and also higher demand for products. Hence,

The demand curve shifts from D1 to D2.
This causes quantity demanded to increase from QD1 to QD2
And price to increase from P1 to P2. Please refer Diagram 2 in attachment.

7 0

3 years ago

wilson corporation exchanged land and $4,500 cash for material handling equipment. the land had a book value of $45,000 and a fa

77julia77 [94]

Book Value Of Asset $58500000.$ Book Value of Assets is the asset's value in the books of records of a company or an institution at any given instance.

Assets Book Value Formula = Total Value of an Asset – Depreciation – Other Expenses

Book Value Of Asset is $$4,500(58,000 - 45,000)$ and the fair value of asset exchanged is $58500000.$ As there is a change in the value, this substance exists in the transaction.

Commercial substance exists in business transactions where the outcome is anticipated to change the company's cash flows in the future and is considered only when there is a significant alteration in the risk of cash inflow, the timing of cash inflow, and the amount paid as a result of the transaction.

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7 0

1 year ago

Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity i

ioda

Answer: a.fixed factory overhead volume variance.

Explanation:

Fixed overhead costs are the costs that are incurred by an organization that doesn't change even when the lre is a change in the volume of production activity. The fixed overhead costs are vital in order for the effective operation of the company.

When the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity is indicated by the a.fixed factory overhead volume variance.

8 0

4 years ago

Glass walls

Goshia [24]

Answer:

the anwser is A i searched it up

3 0

3 years ago