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
asambeis [7]
3 years ago
14

If equilibrium is achieved in a competitive market the deadweight loss will equal the sum of consumer surplus and producer surpl

us. the deadweight loss will be the same as the opportunity cost of the last unit of output sold. the deadweight loss will be maximized. there is no deadweight loss.
Business
1 answer:
marysya [2.9K]3 years ago
4 0

Answer:

there is no deadweight loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.

You might be interested in
Although it is not known whether you have to buy 1, 10, or 100 lottery tickets to get a winning ticket, it is highly probable th
Effectus [21]

Answer:

variable-ratio

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the type of schedule being used is called variable-ratio schedule. This refers to when a response is reinforced after a completely random amount of responses. Since positive results from gambling are completely random, this type of scheduling is mostly used in these situations.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
2 years ago
Department stores have increasingly used designer boutiques to highlight specific designers to small market segments. This strat
lawyer [7]

Answer:

Specialty Store

Explanation:

A specialty store is a store where it keeps the high brand, style or models having the narrow category of goods and services. The products like furniture, sporting goods, bookstores are categorized as the speciality stores.

Since in the given situaton, it is mentioned that the stores increase the usage of the designer boutique for highlighting the particular designers for the small market so this represent the speciality store of that retail institution

3 0
2 years ago
Key performance indicators are the metrics a company uses to evaluate progress toward critical success factors. Which of the bel
Lemur [1.5K]

Answer:

Answer is C

Explanation:

Key performance indicators are sets of quantifiable measures used to evaluate how effectively an organization is achieving its key organizational objectives.

The keyword here is "quantifiable".

Therefore, recording the percentage of help desk calls answered in the first minute helps to know just how effective the company is probably helping its customers have great experience or easy usage of its products or services by the number of customers calls answered to, or how effective the customer service is.

3 0
3 years ago
Consumers have the right to choose from numerous products in a competitive marketplace. Who suffers when there is less competiti
Scorpion4ik [409]
Consumers because they have right to choose
5 0
2 years ago
According to the situational leadership theory, if employees are unwilling and unable, the appropriate leadership style in this
Yuri [45]

Answer:

directive

Explanation:

Directive leadership is a form of leadership, often employed by managers or supervisors in mostly a situation whereby the task to be carried out or done is intricate or difficult and the employees assigned to it, are unwilling and unable. This style of leadership is considered the most appropriate or effective according to situational leadership theory.

Hence, the correct answer in this situation is DIRECTIVE.

8 0
2 years ago
Other questions:
  • Raby, Inc. acquires all of the outstanding stock of Fletcher Corporation on January 1, 2017. At that date, Fletcher owns only th
    14·1 answer
  • The market potential is equal to the​ ________, or the sales limit approached by company demand as company marketing effort incr
    15·1 answer
  • Present valuelong dash—Mixed streams   Consider the mixed streams of cash flows shown in the following​ table,
    13·1 answer
  • A person who teaches you coaches you and helps you to advance in your career is known as a?
    11·1 answer
  • The FOMC believed in November 1994 that the target rate of unemployment was 6.25%. Given the official civilian unemployment rate
    10·1 answer
  • Assuming that ATCHULO Company Ltd is committed to the current design, how would you improve it?
    7·1 answer
  • Choose the correct statement. A. Unemployment is a serious personal problem but not a serious social economic problem. It is onl
    15·1 answer
  • 4. Savings are particularly important to young people because:
    15·1 answer
  • Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receiva
    13·1 answer
  • Eaton Electronics uses a periodic inventory system.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!