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3 years ago

Why is there no competition in a monopoly?

2 answers:

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In economics monopoly and competition signify certain complex relations among firms in an industry. A monopoly implies an exclusive possession of a market by a supplier of a product or a service for which there is no substitute.

Think of it as an Airline that has an exclusive route from x to y. They can charge whatever they want since there is no other carrier flying that route. Air Canada is famous for that. Let's say three Airlines fly from point x to point y.

Let's also assume that Alaska Airline (or any other of your choosing) has the same route but Alaska Airline is cheaper. Air Canada will undercut these prices at a great loss to get rid of the competition and immediately raises the prices.

jeka57 [31]3 years ago

6 0

There is no competition due to the monopoly is a market structure where there is a single provider of a certain good or service. That means that a single company dominates the entire supply market. In this way, consumers who wish to acquire a good can only go to the monopolist and they must accept the conditions that this imposes. In economics this is the best example of an "imperfect competition".

This answer is based on the article: "Definition of Monopoly" publish by The Economic Times.

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Discuss the role of government in each of the different economic models: pure centrally planned, pure market, market economy, an

crimeas [40]

<span>In a centrally planned economy, the government owns and operates production facilities and manages the flow of supply and demand rather than allowing interactions between businesses and consumers to determine supply and demand. In a pure market economy the government has no role. Instead, the market makes all allocation decisions. In a market economy, the government does not oversee the day to day micro transactions. Instead, it oversees the economy, making sure that it steps in to stabilize the market if it is going through a recession. The government is also allowed to step in and prevent trade or business with any country that it feels is a threat. In a mixed economy, the government can create a central plan that guides the economy. The government is also allowed to own important industries, such as aerospace or banking. In some mixed economies the government handles social programs like welfare or retirement.</span>

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3 years ago

"Misrepresenting an idea rather than refuting the evidence for it" describes what fallacy?

neonofarm [45]

Answer: straw man

Explanation:

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2 years ago

which case allowed the supreme Court to claim the power of judicial review ( the authority to declare a law unconstitutional)?

faltersainse [42]

Answer:

Marbury v. Madison

Explanation:

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2 years ago

Narrate a story that ends with the saying if only she had listened

Greeley [361]

Answer:

Her Life

Sarah woke up with a shock. The nightmare again. The same one she’s been having for 2 weeks now. The one about her step-parents finally killing her. She was sitting on her bed, and her parents stormed into her room, and shot her in the heart. She died instantly, but she could still feel. Sarah’s parents kept on shooting her, and then she finds herself falling into her grave. She was flailing her arms to stop herself from falling. She looks around her room. The white walls of her room feel like a jail cell. That's how her step-parents treated her, like she’s a prisoner. The cupboard was as small as a table, maybe a few inches higher than that, but it was still small. She had a carpet with the design of roses, red. Red roses, as red as blood.

‘‘Blood.. Blood…’’ Her mind kept repeating. The dream… So much blood. Still shaken from the frightful nightmare, Sarah went downstairs. Her mother looks up at her. The same face. Everyday. The same disappointed look, which reminds her that she is adopted. ‘‘Why don't we get her married?’’ she always asks her husband. ‘‘I talked to her. So many times. She doesn't want to.’’ he’d respond. Sarah was a very unique girl. When she was just 7 years old, her mother passed away. She was living with her father, and her older brother, Noah.

Noah was two years older than Sarah. Life was good. She would go to school regularly, do homework, and was a very obedient child. When Sarah turned 10, her father went to drop her brother Noah to his soccer practice like he does every week. And left Sarah at home with a babysitter. Then, a drunk man, who was driving his SUV van, crashed into her father’s car. Her father died right away, as a piece of glass stabbed his heart. Her brother, on the other hand, lived a little longer. Sarah was taken to the hospital, to visit her brother.

When he saw her, he said “Ah..There’s my favorite sister..” Sarah was scared and two river of tears streamed down her face. She was sobbing lightly. Then she finally spoke “Are you going to die? Who will take care of me if you are gone? '' Noah responded “It is going to be OK, Sarah...” “NO!” She yelled. “NO, no, no, no, no!! It will not be OK! You can’t die! I WON'T LET YOU!!!” She ran and hugged him tight, thinking that if she held him, he’d stay. “I love you,” Noah said. Then, Sarah heard the heart monitor flatten. Poor Sarah slept right beside her brother, and sobbed quietly, no one could get her off of him. The innocent girl was then sent to the orphanage, as she had no cousin’s, or relatives that would take her in.

A family adopted her when she turned 12. Since then, her step - parents would make her do all the chores, and give her only two meals a day. Ever since then, she hasn’t been the same. Sarah runs upstairs, jumps on her bed, and starts sobbing loudly. ‘‘That’s it.’’ She whispers to herself. ‘‘I can't take this anymore.’’ She gets up, takes her basket, and dumps out her whole drawer. ‘‘Flashlight? Check. Book and pencil? Check. Emergency snack? Check. OK, now...’’ She goes to her cupboard and takes her clothes and stuffs them inside her other picnic basket. She puts on her scarf, and walks towards the clear window.

The house is a small one, so she can jump right out and land on her feet. She grew up in this town, so she knows it like the back of her hand. She quickly goes to the wood, filled with pine tree’s, and the grass as tall as her waist. It was the Autumn of 2018. It’s dark, but she can run away without being seen. She will have to fend for herself from now on, but at least her step-parents won't find her and abuse her. We'll, her mother anyway.. Sarah thought “If only she had listened...”

Explanation:

I hope this helps.. can I have brainliest, please? hee hee

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3 years ago

Think about the last time you experienced very ineffective communication with another person— someone you work with, a classmate

VladimirAG [237]

Answer:

Find the explanation below.

Explanation:

The last time I experienced ineffective communication was when I tried talking to my younger sibling on the dangers of anger. I had noticed that she always threw tantrums and would always get angry when she did not get her way.

1. The communication was ineffective because I used bogus words which she found difficult to understand. In a statement I made, I mentioned that 'anger was inimical and detrimental as it predisposes a person to health issues which could lead to death'. This sentence was ineffective as she did not understand the meaning of inimical and detrimental and the possibility of death scared her.

2. The encoding and decoding stages were problematic. The encoding stage was problematic because I did not really understand the level of knowledge of my receiver. The decoding stage was also problematic because the receiver was lost as to the meaning of the words I used and misinterpreted the message.

3. Filtering is the withholding of information by a sender because he feels the receiver might not need the information. I filtered the meaning of the big words I used which were not age-appropriate.

4. I should have used words that would be understood by a five-year-old. This means that instead of using inimical and detrimental, I would have used bad or not good. Death was also not a good example to have used. I would have said that anger would make us not to be loved by our friends or any other lighter example.

3 0

3 years ago