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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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Letitia borrowed $6,000 from her bank two years ago. The loan term is four years. Each year, she must repay the bank $1,500 in p
marysya [2.9K]

Answer:

amortised loan

Explanation:

Letitia borrowed money from the bank, and according to the loan regulations, she has to pay an equal amount for the rest of two years, which shows that it is a type of amortised loan. In amortised loan customers pay back the loan in stages, and they pay that according to the criteria of the bank.

5 0
2 years ago
You have been given the following information for Nicole's Neckties Corp.: Net sales = $2,500,000; Cost of goods sold = $1,300,0
Finger [1]

Answer:

$360,000

Explanation:

Net sales :                 $2,500,000

Cost of goods sold :  ($1,300,000)

Gross profit :              $ 1,200,000

Interest expense :          ($50,000)

Net profit :                  $ 1, 150,000

Retained earning:         ($30,000)

Dividends paid :           ($300,000)

Tax at 40%: =40% * $1,150,000

                                      ($460,000)

Depreciation expense : $360,000

6 0
2 years ago
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,550 list price with 40% trade discount. The $125 freig
Ira Lisetskai [31]

Very last price of dwelling room set = net cost + Freight = ($8,560*80%*ninety nine%) + $a hundred thirty= $6,909.fifty two

"At a reduction" is a word used to describe the practice of promoting shares, or other securities, underneath their modern-day marketplace price, similar to a sale of products at a retail status quo.

A trade discount is a quantity by means of which a producer reduces the retail charge of a product whilst it sells to a reseller, in place of to the give-up consumer.

An exchange discount is a subtraction from the list rate of the goods, allowed through the dealer to the customer at an agreed price. On the opposite, a coins cut price is a discount allowed to the client, whilst he/she makes coins payment of the goods bought, within the stipulated time.

Learn more about trade discount here: brainly.com/question/26588985

#SPJ4

4 0
1 year ago
In​ March, 2006 the labor department of the country of Jobland determined that the size of the labor force was 100 million out o
Lubov Fominskaja [6]

Answer:

a). Unemployment rate in March=8%

b). Unemployment rate in April=9.4%

Explanation:

a).

The unemployment rate can be expressed as;

R=P/L

where;

R=unemployment rate

P=number of unemployed persons

L=labor force

In our case;

R=unknown

P=number of unemployed persons=labor force-number of employed persons

P=100-92=8 million

L=100 million

replacing;

R=8/100=0.08×100=8%

The unemployment rate in March=8%

b).Unemployment rate for April

Unemployment rate={(total unemployed+discouraged workers)/(labor force+discouraged workers)}×100

total unemployed=8 million

discouraged workers=1.5 million

labor force=100 million

replacing;

Unemployment rate=(8+1.5)/(100+1.5)=(9.5/101.5)×100=9.4%

Unemployment rate in April=9.4%

6 0
2 years ago
Elin wants to retire in 20 years when she turns 60. Elin wants to have enough money to replace 120% of her current income less w
xxMikexx [17]

Answer:

She needs :$4,045,303 for her retirement

Explanation.

Total all expenses and earnings

3 0
3 years ago
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