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
If an organization sets the marketing objective of maintaining uniformity and strong centralized control over its marketing acti
irinina [24]

Answer:

standardization

Explanation:

Standardization marketing strategy can be regarded as strategy that use in making a market to be a solution having uniform consistency throughout particular marketing mix. It is the

marketing of products and keeping a uniform image of the product among the varying markets. It should be noted that If an organization sets the marketing objective of maintaining uniformity and strong centralized control over its marketing activities and products, then the organization is choosing standardization strategy

4 0
3 years ago
Broze Company makes four products in a single facility. These products have the following unit product costs: Products A B C D D
Tems11 [23]

Omg that's lot sorry I don't know

4 0
3 years ago
A U.S. firm sells merchandise today to a British company for £150,000. The current exchange rate is $1.55/£ , the account is pay
Andre45 [30]

Answer:

b

Explanation:

4 0
3 years ago
The price level in the country is determined by ______ and _______.
Usimov [2.4K]
The answers are supply and demand.
6 0
4 years ago
Environmental scanning is the act of analyzing the critical external contingencies and trends facing an organization in terms of
alekssr [168]

Answer:

The correct answer is the option B: economic conditions, competitors and customers.

Explanation:

To begin with, the term of <em>environmental scanning</em> refers to the action of analyzing the forces, both internal and external, whose actions affect the organization in its whole and may give the company opportunities or threats, sthrengths or weaknesses. Moreover, when refering to the external part of the analysis the most important groups to have in mind are those outside the organization and that it may not take control over decisions directly. Those items or groups are: <u>the competitors, the customers, economic conditions</u>, the government, market suppliers, intermediaries and more.

5 0
3 years ago
Other questions:
  • If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is
    13·1 answer
  • Which term is defined as the government setting the maximum amount that a property owner can charge a tenant?
    7·2 answers
  • What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.20%? The bond has 12 years to matu
    15·1 answer
  • As a delegate to the World Trade Organization, Kate stated during negotiations that the same rules and regulations that applied
    12·1 answer
  • Steven consumes only two goods, both of which are normal goods. He is currently maximizing his utility in consumption of both go
    15·1 answer
  • A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will m
    8·1 answer
  • Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Bria
    12·1 answer
  • Which PESTEL factors are the most salient for the electric vehicle segment of the car industry? Do you see a future for electric
    13·1 answer
  • Given direct material cost of $10, direct labor cost of $15, direct-labor based overhead of $12 and Activity-Based Costing overh
    15·1 answer
  • Services marketing differs from that of tangible goods, and many firms have adopted a strategy to Blank______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!