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
Dimas [21]
3 years ago
5

Three examples of solutions to the problems of a monopoly are harnessing the benefits of ________, ________ trade barriers, and

________ markets.
Business
1 answer:
Sever21 [200]3 years ago
5 0

Answer:

1. harnessing the benefits of competition.

2. reducing trade barriers

3. regulating markets.

Explanation:

harnessing the benefit of competition

The use of competition in a  market will enable consumers get the best possible prices, quantity, and quality of goods and services. competition in a market will also boost innovation allowing each firm producing similar goods to improve the quality of their products so as to gain more market share.

Reducing trade barriers

When trade barriers such as quota, embargo, tariffs are reduced in the market, it becomes easier for firms to compete with a other firms. Reduction of trade barriers will encourage more firms to enter a market that previously had a single supplier of a commodity .

Regulating market

A regulated market is a kind of market where government control the force of demand and supply like determining who is allowed to enter the market and determine what price to be charge. Markets that are natural monopolies are usually regulated to avoid exploitation of consumers

You might be interested in
lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
zhannawk [14.2K]

-0.01 billion is lilliput's  a budget deficit. Total expenditure minus total receipts is the fiscal deficit (excluding borrowings). Revenue outlays plus capital outlays are equal to the revenue inflows plus capital inflows minus borrowings.

Despite being primarily utilised by governments, this has a wide range of applications for both people and companies. A government has a budget deficit when it spends more in a given inflows than it brings in the through taxes, for example. As a straightforward illustration, consider a government that receives $10 billion in revenue one year but spends $12 billion, creating a $2 billion budget deficit.

To learn more about  budget deficit, click here.

brainly.com/question/29602763

#SPJ4

7 0
1 year ago
Which of the following is a common human relations mistake?
telo118 [61]

D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.

3 0
3 years ago
M1 is comprised of currency held outside banks + traveler’s checks + __________.
leva [86]
<span>M1 is comprised of currency held outside banks + traveler’s checks + Checkable Deposits
Checkable deposits are a bank account which contain the amount of fund that you could use to write a check. In most cases, as long as the amount is sufficient, there is no restriction or limitation for this account</span>
5 0
3 years ago
Sheffield Corp. is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the
son4ous [18]

Answer:

The correct decision would be to process further before product is sold

Explanation:

Profit if the product is sold un-assembled

Selling price                                          $135

cost of un-assembled product            ($60)

Profit on un-assembled  product         $75

Profit if the product is further assembled before sale

Selling price                                         $170

Cost of un-assembled product           ($60)

Cost of assembling product                ($25)

Profit if the product is assembled       $85

The profit increased by $10 if the product is further assembled before it is sold.

Hence the best course of action would be to further assemble the product before it is sold

7 0
3 years ago
, a doctor from the local hospital, is a friend of Fran, the owner of a candy store. Every day, Ed spends about five minutes in
just olya [345]

<u>Answer:</u>

<u>- Yes,</u>

<u>- Bilateral, Implied contract which is enforceable.</u>

<u>Explanation</u>:

Note, both parties consented to a contract even though it was an informal setting. Remember, certain gestures were used by Ed to show contract acceptance, There's also valid consideration since the value of the exchange is known; which is a candy bar for $1.

Fran thus understands that Ed will pay for the candy later since he saw the sign, this also makes it a bilateral contract (between two parties only). The contract is also enforceable since it is legal to sell candies.

6 0
3 years ago
Other questions:
  • The minutes of the Safety Team's April meeting including a header with the meeting name and date. They also include an opening,
    5·2 answers
  • What kind of leadership style would be best to employ if quick decisions are needed on a team?
    14·1 answer
  • How much education or training do you need for a airline pilot study.com?
    10·1 answer
  • What is required for a patent?
    9·1 answer
  • Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the year. In addition, the company
    11·1 answer
  • What is the most important thing about meeting new contacts
    15·2 answers
  • Marketing cannot be successful if the product is not what the customer wants or if the quality is low.
    7·1 answer
  • Which of the following is useful for making rational choices?
    6·2 answers
  • The projected benefit obligation was $460 million at the beginning of the year. Service cost for the year was $25 million. At th
    12·1 answer
  • Do you want to know what's happen in mexico? Here is the details:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!