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kow [346]
4 years ago
10

Markets always allocate resources in ways that meet ideal economic efficiency.

Business
1 answer:
Virty [35]4 years ago
5 0

Answer:

False. Markets can sometimes fail to reach efficiencies when there are externalities, public goods, monopoly, or serious information asymmetries

Explanation:

Invisible hand (effective allocation of resources in a laissez faire economy) sometimes works because when market function effectively and send correct price as signal of values (to society) to producers.

However, when goods can't be traded on markets (public goods) or its values are not correctly reflected on markets (externalities, information asymmetries) or competition is not ensured (monopoly), markets cannot ensure effective allocation of resources.

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Common sense might say that a monopolist would produce more output than a competitive industry facing the same marginal costs. A
Dvinal [7]

<u>Explanation</u>:

Even though a <u>monopolist</u> usually controls the market price of the commodity it may not be producing more because a monopolist overall goal is to achieve profit maximization.

However, producing more output would not be in their best interest despite been the market maker because it will decrease the price of the goods in the market due to over supply, leading to lower profit for them.

3 0
3 years ago
Lauren Barton, a single mother with three children, lived in Portland, Oregon. Cynthia VanHorn also lived in Oregon until she mo
AleksandrR [38]

The cengage learning for the mitigation is the difference between the agreed upon $72000 less what was earned from  the $25000 position that barton managed to obtain

<u>Explanation</u>:

Mitigation of damages:

In the case of barton v. vanhorn a court would consider barton's attempts at findings similar employment a reasonable step in mitigating her damages.

Under the doctrine of damage mitigation, a wrongfully terminated employee must look for other compartable employment, and subtract whatever you make from that job from what you request in damages.

Damages in the case would be the difference between the agreed upon $72000 less what was earned from  the $25000 position that barton managed to obtain.

6 0
3 years ago
Meredith is stuck in the airport on a long layover while traveling for work. She sees two Wi-Fi’s she can log onto: one says Air
KATRIN_1 [288]
<span>Meredith should first try to log in to Airport Wi-Fi if she has the credentials as this Wi-Fi would be more secure and therefore more desirable for paying bills as this is a sensitive transaction that may expose her personal information to identity theft. However, most regular passengers at the airport may not have the credentials t log into the airport Wi-Fi and this is why the airport makes a free Wi-Fi service available to customers. However, Meredith should be aware that anyone will have access to the free Wi-Fi and therefore signing on to that Wi-Fi can put her personal data at risk.</span>
6 0
4 years ago
Theo is depositing $1,300 today in an account with an expected rate of return of 8.1 percent. If he deposits an additional $3,20
SOVA2 [1]

Answer:

$15,699.54

Explanation:

The computation of the account balance after 10 years from today is shown below:

= Future value of amount deposited today × (1 + interest rate)^number of years +   Future value of amount deposited two years × (1 + interest rate)^number of years + Future value of amount deposited three years × (1 + interest rate)^number of years

= $1,300 × (1 + 8.1%)^10 + $3,200 × (1 + 8.1%)^8 + $4,000 × (1 + 8.1%)^7

= $2,832.70 + $5,966.99 + $6,899.85

= $15,699.54

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3 years ago
your debit card is stolen and you report it to your bank within two business days. How much money can you lose at most?
sergij07 [2.7K]
The money that was in the debit card
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3 years ago
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