Answer:
in terms of which is worse, "monopoly" is bad for both the consumers and the industry, while a competitive market is good for consumers and the industry alike, however, it is not "perfect". there has to be regulations and a sort of a control.
anyhow, a monopoly is bad then a single corporation has the total power from the supply side and this can lead to unnecessary price increases, lower quality products, industrial malpractices, national level frauds, etc, etc...
because of this, we always say a monopoly is bad, even if it is a government sector monopoly. many nations have laws and rules to ensure no monopolies will arise.
in USA, we call such rules, Anti-trust laws.
Explanation:
Answer:
Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners.
Explanation:
I would say the goal of a healthy economy is to have zero unemployment because that would mean that all able bodied men and women were gainfully employed which would enable them to contribute to the economy by producing wealth plus also consuming goods for their social reproduction with the resulting two-fold benefit to the economy.
Answer:
True.
Explanation:
Indirect cost are cost incurred in the production process that cannot be traced directly back to the product, but contributes to the production process in general. For example the salary of wages is not a cost that is directly included in the product itself, but workers are needed to perform tasks and operate the machines that produce the product.
Direct cost are traceable directly to the product and include raw material.
So overhead, facilities and resource opportunity cost are all indirect cost in producing the product.
Answer:
hi
Explanation:
also can you mark this brainliest, i need one more
