Monopoly power, inefficiency, absent markets, and other factors can all result in market failure. Government is help to reduce the negative effect of that market failure such as implemented taxes and laws. An example of a market failure is music application.
What is market failure?
When we talk about "market failure," we're talking about an economy where there is an inefficient flow of commodities and services on the open market.
Inefficiency, absent markets, insufficient markets, and negative externalities are the main forms of monopoly power. audio player: All listeners hear the song, yet it cannot affect them directly. It is unable to determine whether or not a user has paid.
The government must address market failure issues brought on by additional regulations, taxes, tariffs, subsidies, and trade restrictions.
As a result, monopoly power, inefficiency and missing markets types of market failure. Government implemented taxes and laws. Ex of music app.
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Any type of government-funded program, such as health care, social assistance, unemployment benefits, payments to banks, and national military, can have an impact on government spending.
What is government?
The term "Government" is legal authority or system which is controlled by office, public sector, country and state.
The government's main objectives are to increase the macroeconomic supply side, which includes spending on things like education, health care, and training to increase labor productivity as well as providing subsidies to help people financially.
Government spending has a negative impact on the economy because it drives inflation by raising living expenses through subsidies. Demand is artificially raised by government subsidies.
As a result, factors including health, social services, unemployment benefits, etc. may have an impact on government spending.
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Managing quality helps build successful strategies of "differentiation, low cost and response".
<u>Answer:</u> Option C
<u>Explanation:</u>
The expression of supervising all operations and activities necessary to maintain the rate of competence required, thus understood as "Quality management". It involves defining a performance policy, establishing and enforcing quality scheduling and expectation, as well as quality control and enhancing quality.
In order to attract market, launch of unique product is necessary with pocket friendly price and good quality too. When quality is managed more according to the market need than the owners capability of finance, then only growth of firm is possible, thus quality of product should not be compromised.
Answer:
A) 1.79
b) 71%
c) 0.75 minutes
d) 0.537 minutes
e) 0.343, 0.240 , 0.1681
Explanation:
L = average number of customers in the system ( 200 / 80 ) = 2.5
a = poission distribution per hour = 200
b = service rate of cashier = 280
A) average number of moviegoers waiting in line to purchase ticket
Lq = L - 
= 2.5 - (200/280) = 2.5 - 0.71 = 1.79
B) percentage of cashier been busy
p = a/b = 0.71 = 71%
C) average time spent by a customer in the system
w = L / a = 2.5 / 200 = 0.0125 hours = 0.75 minutes
D) average time spent waiting in line to get to the ticket window ?
W2 = Lq / a = 1.79 / 200 = 0.00895 hours = 0.537 minutes
E) probabilities of people in the system
i) more than two people
p ( x ≥ 2 ) = 1 - ( p0 + p1 + p2 ) = 1 - 0.657 = 0.343
more than three people
ii) p ( x ≥ 3 ) = 1 - (p0 + p1 + p2 + p3 ) = 1 - 0.7599 = 0.240
iii) more than four people
p ( x ≥ 4 ) = 1 - ( p0 - p1 + p2 + p3 + p4 ) = 1 - 0.8319 = 0.1681
Answer:
11.06%
Explanation:
Cost of equity = (D1/Current price) + Growth rate
Cost of equity = [(1.00*1.07)/26.35] + 0.07
Cost of equity = 0.04061 + 0.07
Cost of equity = 0.11061
Cost of equity = 11.06%
So, Ubees's cost of internal common equity is 11.06%.
