Justify how dstv has been regarded as an example of monopoly with the following characteristics of monopolies 1. Nature of product 2. Access/Entery to the market
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- Justify how Dstv has been regarded as an example of a monopoly with the following characteristics of monopolies: 1.Nature of product 2.Entry to the marketJustify how DStv has been regarded as an example of a monopoly with nature of productDiscuss monopoly markets and the ethical weaknesses of monopolies.
- true or false Government regulation can easily solve all of the problems associated with natural monopolies.Explain verbally and graphically how price (rate) regulation may improve the performance of monopolies. In your answer distinguish between (a) socially optimal (marginal cost) pricing and ( b) fair-return (average-total-cost) pricing. What is the “dilemma of regulation”?What is the problem with government-run monopolies like Social Security and Medicare? Multiple Choice There are no market forces that compel them to provide good customer service since government bureaucracies are protected from competitive market forces. Since they do not follow the concept of MC=MR, there is no motivation to bring costs under control since there is an endless flow of taxpayer money coming into the programs. The government regulators often make their choices based on political considerations and not on real-world market conditions. All of the statements listed above are essentially correct and have merit.
- Andrew Carnegie's monopoly in steel was never as complete as John D. Rockefeller's monopoly in oil. But even after the breakup of Standard Oil in 1914, monopolies kept developing -- including more "natural" monopolies such as Microsoft and Facebook. Why does the government of the USA continue to attempt to break up monopolies? What is the economic rationale? A. Monpolies are inherently anti-consumer. B. Monpolies are a natural consequence of technoogical innovation, and are seen by some economists as evidence of the superiority of capitalism because the market rewards competition. C. Monopolies are problematic because of price-fixing, which is achieved mainly after they become established, not because of the aggressive competition required to out-compete rivals before market dominance is achieved. D. All the above.Q)Monopolies are mainly the result of Government intervention and can be regarded as a market structure that doesnot optimise benefits to society. Evaluate the statement and provide practical examples to enhance your answer. explain in detail and not copy paste answerRefer to Figure 15-5. Part a) A profit-maximizing monopoly's profit is equal to: a) P2 x Q3. b) (P2-P4) x Q3. c) (P1-P6) x Q1. d) (P2-P5) x Q3. Part b) A profit-maximizing monopoly will produce an output level of a) Q3. b) Q4. c) Q2. d) Q1. Part c) A profit-maximizing monopoly will charge a price of Question 22 options: a) P2. b) P4. c) P1. d) P3.
- Name a market structure under which DSTV is foundWhat are the necessary conditions for a monopoly position in the market to be established? Please provide APA citations thank you.Answer all the questions: Identify the market structure that is characterized by a single seller Identify the market structure that is characterized by each seller selling identical products. Identify the type of elasticity that applies to a demand curve for a single firm in a perfectly competitive market Explain why the demand curve for a monopolist is inelastic. Identify two ways governments try to reduce the market power of monopolies
