Allocative inefficiency due to unregulated monopoly is characterized by the condition: P>MC.
Allocative inefficiency happens whilst the purchaser does no longer pay a green price. A green charge is one that just covers the costs of manufacturing incurred in supplying the good or provider. Allocative efficiency occurs while the company's fee, P, equals the greater (marginal) cost of delivery, MC
Monopolies can boom fees above the marginal fee of manufacturing and are allocative inefficient. that is because monopolies have marketplace strength and may boom rate to reduce client surplus.
Allocative efficiency occurs while consumer demand is completely met by means of supply. In other words, organizations are presenting the precise supply that clients want. For an instance, a baker has 10 customers trying an iced doughnut. The baker had made exactly 10 that morning – that means there's an allocative performance.
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Answer:
is less than average revenue or price
The safeway display and sell product groupings are in this
manner because of the fact that products should be grouped in order for the
people to relate them in a more meaningful and understandable manner whenever
they go grocery shopping or go shopping.
The purpose of using different techniques in measuring or determining the quantities or measures such as densities is that it is important to be able to have basis and to make sure that the value you get is accurate-- even with the two different techniques used. This will help in comparing two variables and to understand whether the values you received are precise and accurate.
Answer:
Explanation:
In the given transaction, it would impact the income statement and the balance sheet in the increment manner
That means The income statement would increase by $96,000 as it reflect the wages expense in the debit side of the income statement
And, the balance sheet would increase by $96,000 as it reflect the wages payable in the credit side of the balance statement under the current liabilities side of the balance sheet
