D. many families are left below the poverty line. The government issues new poverty guidelines each year as a guideline and simplification of the poverty threshold for administrative use. this can be used to determine financial eligibility for some federal programs.
Answer:
See the explanation for the answers.
Explanation:
1. "Regulate it" is superior because anti trust makes it open to competition and the firm no longer remains a monopoly.
2. A regulated monopoly lower the price it charges from consumers which benefits the consumers because their consumer surplus increases. A regulated monopoly also offers better quality products.
3. Yes, there are redeeming qualities of monopolies.
Advantages of monopoly-
(a) The profits that the monopolist earns can be invested in R and D.
(b) Monopolies can practice price discrimination which can benefit weaker sections of the society.
(c) Monopolies can invest in latest technology which increases productivity and total output of a country.
(d) The government generates revenue from taxing the monopoly firm.
The consumer buying process begins when consumers recognize that they have an unsatisfied need. :)
Answer:
Solution is given in the attached diagram:
Answer:
average labor productivity=$930/person
share of the population that is employed=66.67%
Explanation:
See attached picture.
