1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stellarik [79]
3 years ago
6

Bakers are much likely to supply pastries to the market if property rights are not enforced. In the presence of market failures,

public policy can improve economic efficiency. Classify the source of market failure in each case listed.
Business
1 answer:
bixtya [17]3 years ago
6 0

Answer:

1) When there is only one car dealership in a small town, giving the dealership the ability to influence the price of cars, market failure is due to <u>MARKET POWER. </u>

2) When a manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream, market failure is due to <u>EXTERNALITY.</u>

Explanation:

The car dealership has an excessive market power , which refers to the firms ability to increase the price of its products (cars) above the price of a competitive market.

When the manufacturing plant dumps chemical wastes into the river, it is causing a negative externality  on the town's water supply. This means that the town (which is a third party in this case) is suffering from the actions  of another party's economic transactions.

You might be interested in
When housing prices ________ as they did beginning in 2006 following the housing market bubble, most banks and other lenders tig
-Dominant- [34]

Answer:

"Fell" "Harder"

Explanation:

When housing prices fell as they did beginning in 2006 following the housing market bubble, most banks and other lenders tightened the requirement for borrowers, making it harder for potential home buyers to obtain mortgages.

6 0
3 years ago
What type of organization provides the liability advantages of a corporation, without the regulations corporations must deal wit
34kurt

Answer:

LLC

Explanation:

LLC is known as limited liability company. It is a corporate structure in the United States whereby the proprietors are not by and by subject for the organization's obligations or liabilities. Constrained risk organizations are crossover substances that join the attributes of a company with those of an association or sole ownership.

8 0
3 years ago
PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!!!!!!!!
pav-90 [236]

Answer:

Hola Amigo! Here's ur answer :D

Explanation:

The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).

Happy to Help!

3 0
3 years ago
If an agreement does not contain an arbitration clause, the parties may, nevertheless, agree to arbitration by entering into a _
juin [17]
Entering into an Alternative Dispute Resolution (ADR) agreement.

Alternative Dispute Resolution is very much akin to arbitration in which the parties that are agreeing to surrender their rights to access the judicial system in a civil court that enables a party to bring a lawsuit against another party that is in said agreement.
7 0
3 years ago
Which of the following is not a payroll tax deduction? federal payroll tax state payroll tax FICA sales tax
Morgarella [4.7K]

Answer: The Correct Answer is Sales tax.

Explanation:

Sales tax is the Tax forced by the government body during the sale of the goods and services at a retail level.

While payroll tax is the tax which is forced on the salary of the employees and this tax is forced by the employer. payroll taxes are directly deducted from the salaries of the employees and directly paid to the internal revenue services by the employer.

7 0
3 years ago
Other questions:
  • After two of Mary's colleagues were laid off from their jobs for no specific reason, Mary started looking for a better job. In t
    10·1 answer
  • 3. Which of the following is not a characteristic of a good citizen?
    14·1 answer
  • What is gross profit? (Select the best answer.)
    10·1 answer
  • Automated retailing occurs when a consumer goes into a store to learn about different brands and products and then searches the
    15·1 answer
  • While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and c
    11·1 answer
  • A group of investors are discussing the formation of a new property and liability insurer. The proposed com-pany would market a
    7·1 answer
  • "Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry."
    14·2 answers
  • Barton Corporation acquires a coal mine at a cost of $1,500,000. Intangible development costs total $360,000. After extraction h
    7·1 answer
  • Calculate the marginal cost of the 70th toy car produced. Round your answer to the nearest hundredth.
    14·1 answer
  • Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for themselves. However, some
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!