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A: Supplier-specific barriers are the problems or lack from the side of the production in the economy.…
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A: Natural Monopolies has declining Marginal cost behaviour and they operate at economies of scale…
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A: The perfect competitive market describes or portrays a market where a massive number of tiny…
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A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
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A: Globalization refers to the interconnection of world through trade and technology.
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A: Since the first two questions are subjective, we will answer the third question for you. A monopoly…
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A: Here, it is given that the total revenue from selling 2 units is R600 and total revenue from selling…
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A: The barriers to entry is a type of prevention of entry of new firms in the market. It is seen in the…
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A: Advocacy means to advocate something or some product.
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A: A Pigovian tax is a tax on any market activity that generates negative externalities.
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A: Customer is the decider of product rating in modern era of consumerism
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A: Only One Company BenefitsUnless one side has enough influence to easily impose an answer on the…
Q: If the monopolist is incurring a short run economic loss, what are some options the monopolist has?
A: Monopoly is a market condition where there is a single seller. It sells a unique commodity in the…
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- What is the right of subrogation? When does the right of subrogation arise?Recently in the City of Seoul, building contractors lobbied the city council to pass an ordinace requiring all people working on residential dwellings be licensed by the city. Why would the contractors lobby for this requirement? A. to create legal barrier to entry B. to reduce the cost of building dwellings C. to guarantee that work on dwellings is of high quality D. to avoid informal settlersWould Warby Parker be more or less financially successful if it were not so focused on social responsibility? Explain.