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Andre45 [30]
3 years ago
7

Why do most markets in the real world fall somewhere between perfect competition and monopoly?

Business
1 answer:
REY [17]3 years ago
8 0

Answer:

When you let people in the market to freely compete with one another without any restriction, eventually there will be a sole winner who stand in the top of the competition.

When this happen , that sole winner will gradually accumulate wealth and the production process that it structured will become more efficient. This made that winner able to produce the product with really low price and expanded the operation using the gained wealth.

This will make it really hard for newcomers to compete with the existing winner. Eventually, the winner will takes it all and monopoly or  will naturally formed (or at least that winner will own majority of the market)

Perfect competition is an effort that people consciously do in order to prevent monopoly. They strictly regulated the competition to ensure that there no difference in price and types of products.

To put it simply, if we try to let free market take it course by itself, monopoly tend to unavoidable. If we try to restrict it without freedom to compete, we technically form a perfect competition.

This is why most markets in the real world fall somewhere between perfect competition and monopoly

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Economic growth refers to a steady increase in the production of goods and services in an economic system.
MatroZZZ [7]

Answer:

<em>Economic growth refers to a steady increase in the production of goods and services in an economic system.</em><em> </em><em><u>True</u></em>

3 0
2 years ago
Jeff was in a department store standing near a clothing rack. Store security felt that he was acting suspiciously because he was
liraira [26]

Answer:

c. No; the facts of this situation do not provide reasonable grounds for a stop and search. Any attempt to do so by store security could result in a claim of false imprisonment.

Explanation:

According to the situation described in the question above, store security has no right to stop and search for Jeff. Therefore, the letter c is the most correct answer to this question.

Jeff's actions in the store do not provide sufficient reasons for there to be any kind of stop and research, as the facts in the situation do not provide enough information about an illegal act, so if store security forces a situation there could be legal damage to the store .

Therefore, it is essential that stores adopt a theft prevention strategy, with an effective security system and a team prepared to carry out correct approaches.

4 0
3 years ago
When a healthcare organization allows an unsafe condition to exist on its property and does nothing to address it and a visitor
kati45 [8]
When a healthcare organization allows an unsafe condition to exist on its property and does nothing to address it and a visitor gets injured, the organization will be held liable because the injury was foreseeable and the organization had a duty to care. <span>The organization has to take reasonable steps to ensure the health, safety and welfare of their employees and visitors. </span>
6 0
3 years ago
Do you think that contracts or other financial instruments that do not have readily available market prices should be accounted
Damm [24]
<span>Fair value is defined as, a rational and unbiased estimate of the potential market price of a good, service, or asset. It takes into account such objective factors as: acquisition/production/distribution costs, replacement costs, or costs of close substitutes.

Since this is an opinion question, either answering yes or no is correct, but you have to say why. 


If I understand the question correctly, and the question isn't missing any parts, I would assume it's asking if you should put value on contracts as a document and other financial instruments. 

I was going to say no, but because contracts can be transferred or used as currency, I would say yes. 

If you say yes I would argue that giving a fair value of the contracts would make them more legal and have more bearing in a place of business.  That it would prevent the fluctuation of value on that contract based on other factors like profit/loss and whether or not you transferred, changed, etc. the contract. I would argue that to protect that contract and other financial instruments, and the holders stake in it, you should create a fair value for it.  

If you say no, I would argue that the contract can already be treated as a form of currency, and because of that it should not have a fair value placed on it.  I would also argue that because contracts often times state the value of that contract within itself, that it should not have a fair value.  And finally, I would argue that because with time, the value of items change, you should not place a fair value on a document that can be changed and can lose or gain value with time based on the purposed information in the contract.
</span>
3 0
3 years ago
Jess owns a sandwich shop. the price of a sandwich recently increased from​ $5 to​ $7. jess responded by increasing the quantity
PSYCHO15rus [73]
<span>0.75 The midpoint method is to calculate the percentage as the change in value divided by the average (or midpoint) of the new and old values. So the price of the sandwich changed from $5 to $7. Using the midpoint formula, you get (7-5)/((7+5)/2) = 2/(12/2) = 2/6 = 0.3333 = +33.3% The change in sandwiches due to the change in price is (90-70)/((90+70)/2) = 20/(160/2) = 20/80 = 0.25 = +25% The elasticity of supply will be the percentage change in demand divided by the percentage change in price. So 25/33.3 = 0.75 So the coefficient of elasticity is 0.75</span>
6 0
3 years ago
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