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dalvyx [7]
3 years ago
15

Types of imperfect competition

Business
1 answer:
hoa [83]3 years ago
3 0
  • Monopolistic competition: A situation in which many firms with slightly different products compete. Production costs are above what may be achieved by perfectly competitive firms, but society benefits from the product differentiation.
  • Monopoly: A firm with no competitors in its industry. A monopoly firm produces less output, has higher costs, and sells its output for a higher price than it would if constrained by competition. These negative outcomes usually generate government regulation.
  • Oligopoly: An industry with only a few firms. If they collude, they form a cartel to reduce output and drive up profits the way a monopoly does.
  • Duopoly: A special form of Oligopoly, with only two firms in an industry.
  • Monopsony: A market with a single buyer and many sellers.
  • Oligopsony: A market with a few buyers and many sellers.
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Instant rewards reinforce desired behavior. Annual raises are ________ effective in reinforcing behavior because there is too mu
amid [387]

Answer:

B. less

Explanation:

As compared with the instant rewards the annual raises are becomes less effective when the behavior is reinforced also it is depend upon the time gap that lies between the behavior and the actual reward

Therefore as per the given situation, the option b is correct

hence, all other options are wrong

So, the same is to be considered

4 0
2 years ago
The social and economic goals of __________ include private ownership of land and business.
MrRa [10]

Answer:

Capitalism

Explanation:

<em>The social and economic goals of CAPITALISM include private ownership of land and business.</em>

The <em>capitalism</em> is an economic and social system based on <em>private ownership</em> of the means of production, on the importance of capital as a generator of wealth and on the allocation of resources through the market mechanism.

7 0
3 years ago
g Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $4000. What is the probability of a
Ganezh [65]

Answer:

89.44%

Explanation:

As we know that:

Z = (Cash Flow - Mean) / Standard Deviation

Here

Cash flow is the observed value which is the lower limit here and is $11,000

Mean is the average value of the sample and is $16,000

Standard Deviation is $4,000

By putting values, we have:

Z = ($11,000 - $16,000) / $4,000

= -1.25

The Z value lower than -1.25 is 0.1056 or 10.56%

This means that the probability of cash flow lower than $11,000 is 10.56% and the probability of cash flow greater than $11,000 will be

Probability of cash flow = (1- 0.1056) = 0.8944  which is 89.44%

6 0
3 years ago
Name any four examples of economically marginalised group​
ohaa [14]

Answer:

Here is a sample of the most common marginalized groups:

GLBT.

Senior citizens.

Racial/Cultural minorities.

Military Combat Veterans.

Persons of below average intelligence.

Hearing, visually, and Physically Challenged Persons.

Persons with a serious and Persistent Mental Illness (SPMI)

Persons with Cognitive Impairments.

6 0
2 years ago
We refer to the Federal Reserve as ?<br> “The b... b..”
antoniya [11.8K]

Explanation:

the federal receive the common thing

3 0
2 years ago
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