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3 years ago

Explain what happens when markets do not have enough competition.

Business

1 answer:

MatroZZZ [7]3 years ago

3 0

Answer:

The price will be higher and output lower in absence of competition.

Explanation:

When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.

It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.

The resources will not be efficiently allocated and deadweight loss will exist.

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When Pete Mills went to withdraw $10,100 from the NFA Mutual fund, he was informed that the fund would charge 6 percent of the a

aivan3 [116]

Answer:

Option (A) is correct.

Explanation:

Given that,

Amount withdraw by Pete Mills = $10,100

Mutual charges on amount withdrawn = 6%

Therefore, the dollar amount of the withdrawal charge;

= Amount withdraw by Pete Mills × Percent charges by mutual fund on withdrawal of fund

= $10,100 × 0.06

= $606.00

Hence, the correct answer is $606.00

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2 years ago

If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase produ

Nookie1986 [14]

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2 years ago

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kupik [55]

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Explanation:

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2 years ago

An economy where the government determines the prices of all goods and services produced is called a ( 50 POINTS AND BRAINLIEST

Trava [24]

B. Command economy
This is because this is exactly what. Command economy does

7 0

2 years ago

Beginning inventory, purchases, and sales for Item Widget are as follows: Mar. 1 Inventory 200 units at $8 9 Sale 175 units 13 P

Rzqust [24]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Mar. 1 Inventory 200 units at $8

Mar. 9 Sale 175 units

Mar. 13 Purchase 160 units at $9

Mar. 25 Sale 150 units

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method

Cost of goods sold= 25 units*$8 + 125units*9= $1325

Ending inventory= 35units* 9= $315

5 0

3 years ago