Government enhances the operation of the market system by providing an appropriate legal foundation and promoting competition. Transfer payments, direct market intervention, and taxation are among the ways in which government can lessen income inequality.
Answer:
B. After the 5th worker, diminishing returns sets in, as the MP declines. As extra workers produce less, the MC increases.
Answer:
b. are better off under a single-price monopoly
Explanation:
Consumers who put a high value on a service <u>are better off under a single-price monopoly</u>. Under perfect price discrimination, every consumer is charged equal to the maximum willingness to pay then in the case of a high value on service person will be charged very high than a single price monopoly so the consumer is better with single-price monopoly.
Answer:
To execute new strategy
Explanation:
Firms and organisations on a quarterly or yearly basis try to change their business strategies to improve revenues and to compete in the market. Overall, implementing a new strategy is complex and it is important to perform restructuring in order to effectively apply a strategy. A restructuring process helps to easily adopt a strategy without complexities.