Does the government allow a monopolistic firm to opperate in the economic system?  Identifiy the areas where this occurs and describe why or why governments allow this to happen.

Q: What are monopolies and oligopolies? How do they tend to differ from businesses in a market where…

A: Both monopolies and oligopolies are the imperfectly competitive markets. The monopolies are a market…

Q: Directions: Match the corresponding definition or characteristics to the market structures. Write…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Bill's Salmon Supplier: Bill's Salmon Supplier sells fresh salmon to local seafood restaurants.…

A: There are different forms of markets based on their characteristics and differences in their pricing…

Q: Give one example for each market structure : 1. Perfect competition 2. Monopolistic competition 3.…

A: Different types of products are offered in different markets because products have different…

Q: in capitalism what does competition do for the consumer   A.It limits the number Of choices…

A: In economics, capitalism is free market economy where there is no restrictions on entry and exit of…

Q: This chapter discusses companies that are oligopolists in the market for the goods they sell. Many…

A: The market structure when there are a small number of firms who tend to be interdependent in pricing…

Q: This chapter discusses companies that are oligopolists in the market for the goods they sell. Many…

A: a) Sellers are the oligopolists and as they try to increase the price of the good that they are…

Q: Describe the types of inefficiencies that derive from monopolistic competition.

A: Market structure in an economy can be defined as the organizational characteristics of a market.…

Q: Discuss the relationship between monopoly and extranalities using microeconomics knowledge ?

A: Monopoly: Monopoly is an market structure wherein there is a single seller of a commodity which is…

Q: Does the government allow a monopolistic firm to opperate in the economic system? In your answer,…

A: Monopolistic competition is a market situation defined by free entry and exit. Government always…

Q: Below are the two microeconomics statement condition. Identity the type of economic system explain…

A: The economic systems are the command economy, free-market economy, and the mixed economy. The…

Q: In Capitalism what does competition do for consumers   A.it limits the number of choices consumers…

A: In Capitalism, economic and production decisions are  taken by private individuals rather than…

Q: Inefficiency exists in all market structure except? a.  (Monopolistic competitive market) b.…

A: An efficient market is a market structure where the price of the market reflects all the relevant…

Q: The invisible hand refers to the Multiple Choice tendency of monopolistic sellers to raise prices…

A: Adam smith is a Scottish economist, he wrote about an invisible hand in his writings during the…

Q: Why might a government try to prevent monopolies or oligopolies from forming in a market? And how…

A: A monopoly refers to a market in which there is only a single seller of a commodity. The seller has…

Q: Why might governments seek to regulate monopolies? A. Most monopolies are created through corrupt…

A: A monopoly market is one in which there is only one vendor of a commodity who is not competing with…

Q: This chapter discusses companies that are oligopolists in the market for the goods they sell. Many…

A: Oligopoly market: The oligopoly market is the market structure where the small number of sellers…

Q: Does a monopolistic competitor produce too much or too little output compared to the most efficient…

A: Monopolistic  competition: Monopolistic is a market situation where a large number of firms are…

Q: Proponents of monopolistic competition point to which of the following?

A: The economics as a study is based upon the idea that the nations, societies, or economies tend to…

Q: Monopolies can maintain economic profits in the short and long run because of barriers to entry…

A: 1. Monopolistic competition is a market structure where large number of sellers exists to produce…

Q: Which particular market structure has no barriers to entry and to exit?  A. pure competition B.…

A: The market structure can be divided into four based on the degree of competition and the type of…

Q: Q2: A ________ exists when the quantity demanded in the market is less than the quantity at the…

A: Long-run average cost curve: This is the curve which is a combination of several short-run average…

Q: Levi Strauss’ jean is an example of product that is found in ______ market. a. Monopolistic b.…

A: The market structure differ on the basis of different characteristic, i.e. the number of buyers,…

Q: 25. Choose the extremely competitive market structure from the following. a. Monopolistic…

A: Market Structure are of various forms like perfect competition, monopolistic competition, oligopoly…

Q: production of agricultural products such as wheat corn would best be described by which market…

A: The four types of markets differ from each other on the basis of various factors like the number of…

Q: Fill in the blank Columns: Four Market Models. Monopolistic Competition Characteristics Pure…

A: A market is a place where the buyers & sellers interact and exchange goods & services.…

Q: In market structures, what are the roles of perfect competition, monopolistic competition,…

A: A market structure helps in differentiating the industries or firms on the basis of certain…

Q: Which of the following represents the correct order from the lowest barriers to entry to the…

A: Market: It refers to a place where the individuals are purchasing all the goods and services…

Q: Between Monopolistic competition and Oligopoly, which do you think is better in an economy? Why?

A: Under oligopoly, there are some sellers and a large number of buyers can be seen while the decisions…

Q: what market inefficiencies derive from monopolies and monopolistic competition?

A: The degree to which market prices accurately represent all relevant information that is currently…

Q: “In the long run, perfectly competitive firms and monopolistically competitive  firms will charge…

A: In perfectly competitive and monopolistic competitive market, there are no barriers to entry so…

Q: Monopolies can maintain economic profits in the short and long run because of barriers to entry…

A: In a monopolistic competitive market, there is a number of sellers, selling similar but not…

Q: Describe the types of inefficiencies that derive from monopolistic competition. Use examples

A: Market is the place that helps provide a platform for various transactions which include both…

Q: Explain how Oligopolists are interdependent.  Give any example of your choice from different…

A: In the oligopoly market, there are few firms which dominate the market. It is a highly concentrated…

Q: If Sam and Jack each produce the same quantity of appointments as would be produced in perfect…

A: Perfect competition is the name given to an ideal market system. Under a perfect competition model,…

Q: How is monopolistic competition like monopoly, perfect competition and oligopoly? Why does price…

A: Since you have posted multiple question, we will solve first question for you if you want other…

Q: if a monopolistic firm takes over a perfectly competitive market we would expect to see the market…

A: In perfect competition largest number of buyers and sellers are selling homogenous goods at single…

Q: a. Suggests why prices tend to stay rigid b. Illegal in the United States. c. Suggests that…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: The Cluetrain Manifesto, which predicted the Internet would upend the nature of consumer-brand…

A: The Cluetrain Manifesto, which predicted the Internet would upend the nature of consumer-brand…

Q: Justify if each of the following statements is TRUE or FALSE. If the statement is TRUE, just write…

A: Answer - Need to find- Following statements is TRUE or FALSE   Need to find- a) Pos Malaysia is the…

Q: How is monopolistic competition like monopoly, perfect competition and oligopoly?

A: Monopolistic Competition is an arrangement of the market where many firms are producing and selling…

Q: Identify a monopoly that you have recently consumed. Explain why you selected it as a monopoly and…

A: Answer: We are granted a computer project recently and that the few stationary including gums are…

Q: how do monopolies affect societys well being?

A: In case of a Monopoly there is a single seller who controls the entire market. The firm is a Price…

Q: In the long run, firms in monopolistic competition always will a. Earn an economic profit b.…

A: Short-Term Output and Price Decisions The following figure depicts the short-run equilibrium under…

Q: Discuss why a producer in an oligopolist market ("few" competitors) will pay closer attention to…

A: Market structure- It is the degree and nature of competition in the market for goods and services.

Q: Draw a diagram depicting a firm that is making a profit in a monopolistically competitive market.…

A: Change in monopolistically competitive market when new firms enter the industry is illustrated…