1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olasank [31]
3 years ago
9

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.

You might be interested in
You have a chance to buy an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5% on your money
Oliga [24]

Answer:

$1,565

Explanation:

Enter the following inputs into financial calculator, we will have:

n = 3 years

Present value (PV): The amount that you should pay for the annuity. This is the missing value we need to calculate

Future value (FV): FV = 0, there is no future value of an annuity

PMT: The amount that annuity pays per year. ($850)

i/r = 5.5%: The interest you expect to receive from the annuity

PV = $1,484

Since the payment is made at the beginning of each year, you should multiply the PV amount by  (1+0.055)

The final answer would be 1,484 x 1.055 = $1,565

The most you should pay is $1,565

7 0
3 years ago
What is the difference between a public and a private corporation?
viva [34]

The principal difference between public and privately held companies is that public companies have shares that can be publicly traded on a stock market. A privately held company might become a publicly held company by conducting an initial public offering, which is the offering of shares of the company to the public.

6 0
3 years ago
Myers, who is single, has compensation income of $72,000 in 2020. He is an active participant in his employer’s qualified retire
Rus_ich [418]

Answer

i just need points

Explanation:

6 0
3 years ago
I purchase a 10 percent coupon bond. Based on my purchase price, I calculate a yield to maturity of 8 percent. If I hold this bo
Vedmedyk [2.9K]

Answer:

B) 8 percent.

Explanation:

The yield to maturity is the expected rate of return of a bonds if held until maturity.

We are asked precisely for what rate are we receiving if held at maturity so we receive the yield to maturity.

That is a rate at which the discounted coupon payment and maturity payment matches the price we urchase the bonds.

8 0
3 years ago
On December 1, 2020, Swifty Corporation purchased a tract of land as a factory site for $770000. The old building on the propert
seropon [69]

Answer:

the amount reported as land is $858,400

Explanation:

The computation of the amount reported as land is shown below;

= Purchase cost + raze old building cost + ownership cost + title guarantee cost - Proceeds from sale of salvaged materials

= $770,000 + $69,000 + $9,900 + $16,400 - $6,900

= $858,400

hence, the amount reported as land is $858,400

The same would be considered

6 0
2 years ago
Other questions:
  • All of the following are fees typically charged by credit card companies EXCEPT:
    5·2 answers
  • Which of the following statements is the best description of comparative advantage?
    12·1 answer
  • A company had the following purchases and sales during its first year of operations:Purchases SalesJanuary: 10 units at $120 6 u
    6·1 answer
  • One of the most talented managers to ever work at ABC Inc. is Amy Holmes. Combining graciousness intelligence and creativity. Am
    11·1 answer
  • Which of the following is a difference between planning and control?
    7·1 answer
  • Suppose the current price of gasoline at the pump is $4 per gallon and that 1 million gallons are sold per day. A politician pro
    10·1 answer
  • Once we enter the region of diminishing returns,
    9·1 answer
  • AYEEEE YALL WANNA JOIN ME IN A KAHOOT AT 12:20 - 1:00?
    5·2 answers
  • According to the chart, the three fastest growing career areas include
    12·1 answer
  • Match the descriptions to the appropriate accounting terms.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!