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
Marta_Voda [28]
2 years ago
6

Classify the source of market failure in each case listed.

Business
1 answer:
Len [333]2 years ago
6 0

Answer:

Market Power

Externality

Explanation:

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low

The utility company is a monopoly

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region  

You might be interested in
The HR manager of SuperGlam, an online discount fashion retailer, wanted to redesign the workflow in customer service, order ful
GrogVix [38]

Answer:

Job analysis skills.

Explanation:

Job analysis is a the ability to identify the detail of a job as well as determine the requirement needed to get such job. It also involves helps to show the importance of certain duties to a job.

Simply put, Job analysis can be defined as the way and manner by which a job's duties and requirements are set for employees.

In the above question, it can be seen that the HR of Superglam is trying to determine duties and employee requirement to enable efficiency of employees in their job posts.

Cheers.

8 0
3 years ago
1. Most students initially believe that if they are good at math, they will be good at accounting.True / False
Contact [7]

Answer:

1. True

2. a & c

3. b

4. a, b & c

5. a, b & c

Explanation:

When you feel interested in math, it's likely accounting is suitable for you.

please read more articles about accounting in these links

https://www.accountingcoach.com/accounting-principles/explanation

https://studymoose.com/foundational-accounting-principles-and-terminology-essay

https://www.edx.org/course/management-accounting-acca-fma-f2-x-8

7 0
3 years ago
A market researcher who uses his ability to identify a logical sequence to predict demand for a new line of winter clothing is u
Charra [1.4K]

Answer:

The correct answer is Inductive reasoning.

Explanation:

Inductive reasoning is a form of reasoning in which the truth of the premises supports the conclusion, but does not guarantee it. A classic example of inductive reasoning is:

  1. All the crows observed so far have been black
  2. Therefore, all crows are black

In principle, it could be that the next crow observed is not black. In contrast to deductive reasoning, inductive reasoning has the advantage of being expansive, that is, the conclusion contains more information than is contained in the premises. Given its expansive nature, inductive reasoning is very useful and frequent in science and in everyday life. However, given its fallible nature, its justification is problematic. When are we justified in making an inductive inference, and concluding, for example, that all crows are black from a limited sample of them? What distinguishes a good inductive argument from a bad one? These and other related problems give rise to the problem of induction, whose validity and importance has continued for centuries.

7 0
3 years ago
ABC, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,500 and
spin [16.1K]

Answer: Option (d) is correct.

Explanation:

Amount paid for candy = $1,500

Items received = 8,500 pieces of candy

Group 1 =  2,500 pieces

Selling price = $0.15 each

sale value = pieces sold × Selling price

                 = 2,500 ×  $0.15 each

                 = $375

Group 2 = 5,500 pieces

Selling price = $0.36 each

sale value = pieces sold × Selling price

                 = 5,500 ×  $0.36 each

                 = $1,980

Group 3 = 500 pieces

Selling price = $0.72 each

sale value = pieces sold × Selling price

                 = 500 ×  $0.72 each

                 = $360

Total sale value = $375 + $1,980 + $360

                           = $2,715

Percentage\ of\ sale\ in\ Group\ 2=\frac{Sale\ value}{Total\ sale\ value}\times 100

Percentage\ of\ sale\ in\ Group\ 2=\frac{1,980}{2,715}\times 100

= 72.92%

Proportion of cost for Group 2 = cost × Percentage of sale in Group 2

                                                   = $1,500 × 72.92%

                                                   = $1,093.8

cost\ per\ unit= \frac{cost}{total\ units}

cost\ per\ unit= \frac{1,093.8}{5,500}

= $0.1988

= $0.20(approx)

4 0
3 years ago
Problem 2-15 (Algorithmic) Life Insurance (LO 2.8) Sharon transfers to Russ a life insurance policy with a cash surrender value
skelet666 [1.2K]

Answer:

$38,440

Explanation:

Calculation to determine How much of the proceeds, if any, is taxable to Russ

Face value of policy $74,400

Less: Cash Surrender value ($24,800)

Less: Premium paid ($11,160)

Taxable Proceeds $38,440

Therefore the taxable Proceeds are $38,440.

6 0
2 years ago
Other questions:
  • On October 1, Year 1, Jason Company paid $7,200 to lease office space for one year beginning immediately. What is the amount of
    5·1 answer
  • Brea is looking for an insurance policy for her car. Her friend, Justin, who is an attorney, just told her that the policy is a
    13·1 answer
  • Although Gloria was aggressively recruited by PaperKlip Office Supplies, the treatment of her now that she is in the company has
    14·1 answer
  • The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity o
    7·1 answer
  • The present value of a lump sum future amount:__________
    6·1 answer
  • What is the real and perceived value of an item you recently purchased
    7·1 answer
  • "Roller-Tell Inc., a major supplier of components to the automobile industry, has recently confronted a crisis as one of its man
    7·1 answer
  • Do i need a LLC for a lipgloss business
    9·1 answer
  • Land originally purchased for $28,390 is sold for $74,057 in cash. What is the effect of the sale on the accounting equation
    8·1 answer
  • The demand curve in a purely competitive industry is ______, while the demand curve to a single firm in that industry is ______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!