Though markets can provide goods that are excludable but nonrival, they do so at the price of <u>inefficiency </u>
Explanation:
An excludable but non-rival product is also known as 'club goods'
Unlike public goods which are accessible to everyone and have no rivals, club goods are not accessible to everyone, only to those who can pay for them. At the same time, they have no rivals in the market.
This is a clear indication of an inefficient economy because such a product means there is a monopoly operating in the market.
An example of this can be a cable operator in an area. It dominates the market and has no rivals or competitors but its service is only accessible to people who can pay for it. However, in the same area, a Free Public television channel is the opposite, having no rivals but also being accessible.
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Answer:
Industrial Market
Explanation:
In the industrial market, one business acts as a consumer and the other business acts as seller. In this market the purchaser is also the business and the seller is also the business. The consumer business purchases raw materials that is used in manufacturing the end products.
According to the claim, the difference between output current and potential GDP is known as the inflationary gap.
<h3>What GDP means?</h3>
Gross domestic product, also known as GDP, is one of the most popular. It is frequently quoted in reports by authorities, financial institutions, and the financial industry as well as in newspapers, on news channels, and in publications. It is now frequently used as a benchmark for measuring the strength of both national and global industries.
<h3>What is GDP and how is it calculated?</h3>
GDP is calculated as private consumption plus domestic product plus government investment plus (exports – imports). The country's national statistical office often uses the international standard to compute GDP.
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Answer:
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Explanation:
Station 4, 2,100/month Problem 11-11 The longest process on this "assembly line" will govern the output.
Therefore, the maximum output from this line will be: Output = available time/cycle time = (40 hours per week)*(60 minutes per hour)/1.5 minutes per
Answer: Option a
Explanation: In simple words, preferred shareholders refers to the holders of preference shares of an organisation. Unlike common stock, preferred stock are the securities on which the holders receives a fixed amount of payment but only if the occupancy have appropriate amount of profits to distribute.
Preference shareholders have the right to get paid before equity shareholders but after the debenture holders and their returns are usually higher than debt holders but smaller than equity holders.
Therefore, due to being less risky than equity holders these shareholders do not get any voting rights in the company as equity shareholders.