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Galina-37 [17]
3 years ago
10

s there any way for a monopoly to operate more efficiently than a competitive market? Why or how? Yes: the government can regula

te prices. No: the equilibrium point in a competitive market is the point of optimal market efficiency. Yes: if the marginal revenue curve lies above the demand curve. No: a monopoly doesn’t have to operate under the law of supply and demand.
Business
1 answer:
vesna_86 [32]3 years ago
8 0

Answer:

No: the equilibrium point in a competitive market is the point of optimal market efficiency.

Explanation:

NO, the monopoly can never be more efficient than the perfectly competitive market because the competitive market is the point of optimal market efficiency and the monopoly will produce at the point where the MR and the MC are equal. here the market have excess capacity and a dead weight loss.

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b

Explanation:

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What are the uses of shares in raising capital for an entreprise
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3 years ago
In response to a change in the price of good X from $10 to $6, the quantity demanded of good X increases from 100 to 150 units.
andreev551 [17]

Answer:

- 0.80

Explanation:

Price elasticity of demand describes the extent to which the quantity demanded of good X changes as result of a change in its own price.

The midpoint formula for price elasticity of demand is presented and used as follows:

Percentage change in quantity = %ΔQ = [Q2 - Q1] / [(Q2 + Q1) ÷ 2] × 100

Percentage change in quantity = %ΔP = [P2 - P1] / [(P2 + P1) ÷ 2] × 100

Midpoint price elasticity of demand = %ΔQ / %ΔP

Where:

Q2 = New quantity of good X = 150

Q1 = Initial quantity of good X = 100

P2 = New price of good X = $6

P1 = Initial price of good X = $10

Therefore,

Percentage change in quantity = %ΔQ = [150 - 100] / [(150 + 100) ÷ 2] × 100

                                                                = [50/(250 ÷ 2)] × 100

                                                                 = (50/125) × 100

                                                                 = 40.00%

Percentage change in quantity = %ΔP = [$6 - $10] / [($6 + $10) ÷ 2] × 100

                                                                = [-$4/($16 ÷ $2)] × 100

                                                                 = (-$4/$8) × 100

                                                                 = - 50.00%

Price elasticity of demand = 40% / 50% = - 0.80

The elasticity of demand of -0.80 less than 1. That indicate that the quantity demand is inelastic. That is the change in the degree of change in the quantity demanded of good X is lower than the degree of change in its price.

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4 years ago
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The major disadvantage of a geocentric staffing policy is its potential for ________.
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