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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.

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A city filed eminent domain proceedings in order to obtain 40 beach houses fronting a particularly attractive stretch of shoreli
kipiarov [429]

Answer:

No, because the planned sale to the private developer to increase the tourist trade qualifies as a public use.

Explanation:

Eminent domain is the provision that gives a government the ability to take a private property and convert it to public use. The owner of the property is however required to be compensated adequately.

In this instance the city filed eminent domain proceedings in order to obtain 40 beach houses as part of an elaborate plan to increase the city's tourist trade and revive the local economy.

Since this is for public gain the city has a legal right to file for an eminent domain here.

So the owners will most likely not prevail in this situation

7 0
3 years ago
The section of building plans that would show views of a built-in hot tub would be the
JulsSmile [24]
A. Specifications
Make sure to follow @get.sendy on Instagram.
Tony Hawk follows :)
6 0
3 years ago
Discretionary fiscal policy that might occur is​ ______. Automatic fiscal policy that might occur is​ ______. A. a decrease in t
qaws [65]

Answer: a decrease in government expenditure and an increase in taxes by a decision of​ Congress; a decrease in transfer payments and an increase in taxes with no interference by Congress (D)

Explanation:

Discretionary fiscal policy is a government policy that changes government spending or taxes. The purpose of discretionary fiscal policy is to either expand or shrink the economy. It needs approval from the Congress and President. Its examples are increases in spending on bridges, roads, stadiums etc.

Automatic fiscal policy use spending in the form of taxes and transfer payments to automatically steady the economy. An example is when unemployed become eligible for the unemployment benefits after when losing their jobs during a recession.

4 0
3 years ago
Which of the following services will be provided by a full-service broker but not by a discount broker?
Triss [41]

Answer:

a. l and III

Explanation:

A full service brokers are the types of brokers that will conduct the trade of securities on the behalf of their clients.

Their services typically provided for investors who do not have enough knowledge in economics to be involved in trading. So, they prefers a hands off approach and let other people to manage their portfolio.

Because of this, the clients of do not have the ability to purchase or sell a certain stock at request. They have to rely on the brokers to handle the complex issues within investing activities and trust them completely.

7 0
3 years ago
Which of the following may occur as a result of a increase in the price of cell phones?
MatroZZZ [7]
I would say a
<span>.increase in supply</span>

7 0
3 years ago
Read 2 more answers
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