1.1 Read the following extract and answer question 1.1, 1.2.Evidence of dominationBoth the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominantacross the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they haveentered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant on MTN and Vodacomto provide mobile services, and Liquid and Rain are disincentivised from competing aggressively in the mobilemarket due to the lucrative deals they have struck to provide capacity to either Vodacom or MTN, or both. Thishas limited their ability to compete independently- leaving Telkom as the only entity in the position to be able tochallenge the "cosy" market structure head-on.The economic argument being expressed in this extract is that ofand has the consequence ofa) Market failure, externalities.b) Government failure, public goods being under-produced.c) Market failure, inefficient allocation of resources.d) Government failure, production possibilities.1.2 The behaviour of the companies in the extract is in line with which of the following economic schools ofthought?a) The Free Market Schoolb) Marxist Economicsc) Socialist Economicsd) A Planned Economy

Market failure is a situation in which free market fails to allocate resources efficiently.

The economic argument being expressed in this extract is that of and has the consequence of a) Market failure, externalities. b) Government failure, public goods being under-produced. c) Market failure, inefficient allocation of resources. d) Government failure, production possibilities. 1.2 The behaviour of the companies in the extract is in line with which of the following economic schools of thought? a) The Free Market School b) Marxist Economics c) Socialist Economics d) A Planned Economy

The economic argument being expressed in this extract is that of and has the consequence of a) Market failure, externalities. b) Government failure, public goods being under-produced. c) Market failure, inefficient allocation of resources. d) Government failure, production possibilities. 1.2 The behaviour of the companies in the extract is in line with which of the following economic schools of thought? a) The Free Market School b) Marxist Economics c) Socialist Economics d) A Planned Economy

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter14: Monopoly

Section: Chapter Questions

Problem 14.7P

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For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market share made them essentially monopolies. In a global market, where U.S. films compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context?
Hi please assist me with this question. 1.1 Read the following extract and answer question 1.1, 1.2. Evidence of dominationBoth the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominant across the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they have entered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant on MTN and Vodacom to provide mobile services, and Liquid and Rain are disincentivised from competing aggressively in the mobile market due to the lucrative deals they have struck to provide capacity to either Vodacom or MTN, or both. This has limited their ability to compete independently – leaving Telkom as the only entity in the position to be able to challenge the “cosy” market structure head-on.The economic argument being expressed in this extract is that of __________ and has the consequence of ______________. a) Market failure, externalities.b) Government…
Choose the most appropriate answer. 1.1 Read the following extract and answer question 1.1, 1.2. Evidence of dominationBoth the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominantacross the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they haveentered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant on MTN and Vodacomto provide mobile services, and Liquid and Rain are disincentivised from competing aggressively in the mobilemarket due to the lucrative deals they have struck to provide capacity to either Vodacom or MTN, or both. Thishas limited their ability to compete independently – leaving Telkom as the only entity in the position to be able tochallenge the “cosy” market structure head-on.Source: https://techcentral.co.za/mcleod-is-wrong-about-telkom/110373/Accessed: 19/08/21 The economic argument being expressed in this extract is that of __________ and has the…
Evidence of dominationBoth the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominant across the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they have entered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant on MTN and Vodacom to provide mobile services, and Liquid and Rain are disincentivised from competing aggressively in the mobile market due to the lucrative deals they have struck to provide capacity to either Vodacom or MTN, or both. This has limited their ability to compete independently – leaving Telkom as the only entity in the position to be able to challenge the “cosy” market structure head-on. Question: The economic argument being expressed in this extract is that of __________ and has the consequence of ______________. a) Market failure, externalities.b) Government failure, public goods being under-produced.c) Market failure, inefficient allocation of…
Evidence of domination Both the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominantacross the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they haveentered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant on MTN and Vodacomto provide mobile services, and Liquid and Rain are disincentivised from competing aggressively in the mobilemarket due to the lucrative deals they have struck to provide capacity to either Vodacom or MTN, or both. Thishas limited their ability to compete independently – leaving Telkom as the only entity in the position to be able tochallenge the “cosy” market structure head-on. 1.2 The behaviour of the companies in the extract is in line with which of the following economic schools of thought? a) The Free Market Schoolb) Marxist Economicsc) Socialist Economicsd) A Planned Economy
Evidence of domination Both the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominantacross the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they haveentered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant on MTN and Vodacomto provide mobile services, and Liquid and Rain are disincentivised from competing aggressively in the mobilemarket due to the lucrative deals they have struck to provide capacity to either Vodacom or MTN, or both. Thishas limited their ability to compete independently – leaving Telkom as the only entity in the position to be able tochallenge the “cosy” market structure head-on.The economic argument being expressed in this extract is that of __________ and has the consequence of______________.a) Market failure, externalities.b) Government failure, public goods being under-produced.c) Market failure, inefficient allocation of resources.d)…
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