When we call market is imperfect?

Q: What is the importance of supply chain?

A: Supply chain management involves the activities that are from the supply side to maximize the…

Q: Explain why correcting a missing market can make everyone better off.

A: The missing market is a type of failure of the market system. The missing market is a type of…

Q: Is ketchup a final good or intermediate good?

A: The markets are the place where the buyers of various goods, and services, meet, and interact with…

Q: What role does the profit motive play in a market economy?

A: Profits are the factor payment to an organization. Profits are important for a business to run. If…

Q: if you want to have anything good you have to do it yourself violates which principle of economics

A: This violates the principle of Economics that says "Trade can make everyone better off". This…

Q: Discuss what markets are?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: What is market reform and individual preferences,

A:

Q: Define MARKET FACTORS?

A: In a market, when talking about market factors, they are the variables that has the potential to…

Q: The quality of the school district can affect house prices in that district. If this is true, then…

A: This Question is based upon the theory that a house in a good school or in a bad school district.

Q: Which of the features of American Free Market Economy gives choices to consumers?

A: The U.S. economy is a free market(M) economy – a market that is controlled by market demand and…

Q: What causes market imperfections? Give 2 examples.

A: The following problem has been solved as follows:

Q: Imperfect markets meaning

A: Competitive market: - it is a market condition where there are many buyers and many sellers in the…

Q: Explain the Valuation of Benefits and Costs?

A: Most of the investment decisions in the economy are very important for the economy as the economy’s…

Q: It is better to pay regular price than to stand in a long line for a free item?

A: Opportunity cost represents the benefit an individual misses out for not choosing the alternative.…

Q: How does Fisher Effect affect the market interest rate?

A: As economies and societies developed, the study of economics got more complicated. Hence, as a…

Q: As you know about the market (like perfect and imperfect) write in your words about the market which…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: In capitalist economy, does it project a fair price for the consumer?

A: There are various types of economy . Capitalist economy, socialist economy and mixed economy . Where…

Q: Explain the process of market mechanism.

A: The Market mechanism is a system how market works that helps to determine the price and quantity of…

Q: Test- what is economics

A: Adam Smith’s Wealth definition:   According to Adam Smith, Economics is known as the science of…

Q: Give your opinion, which type of market is best to exist and why?

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: In a market economy?

A: In a market economy, prices of goods and services and allocation of resources are determined by…

Q: What are the economics market

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

Q: What are good market?

A: Goods market: Goods market is a marketplace where producers and consumers interact with each other…

Q: What is scarce in economics

A: Economics is a subject of social science. It is commonly said that economics is the queen of social…

Q: How shortage and surplus affect the economy?

A: The market equilibrium is a situation in an market, where at a particular price the quantities…

Q: Bread is always a consumer goods  True/False

A: A good being produced by a business and being bought by a consumer as a final good is known as…

Q: Juan buys t-shirt and wears it right away. The t-shirt is considered as ______ good. a. buyer b.…

A: Consumer goods are those goods which are used as basic necessity like food, clothing etc.

Q: How should marketers respond to the changing environment?

A: It is essential to be proactive always in this rapidly changing environment for marketers. It is…

Q: What are the economic markets

A: There are many economic market structures which are differentiated by ts characteristics. All…

Q: The MRS of good Y at Point A on IC, is: Good X 10 IC IC, 12 Good Y 10

A: In economics, the marginal rate of substitution (MRS) is the quantity of one good that a customer is…

Q: Why perfect market does not exist? Please explain.

A: The answer is given below.

Q: What would be the solution?

A: TFC = TC at 0 level of Output TC = TVC + TFC AVC = TVC/Output

Q: Write the definition of the Benefit-Cost Ratio?

A: The benefit- cost ratio is used in cost benefit analysis and to summarize the complete relationship…

Q: someone can enjoy the benefits of the good without bearing the costs.

A: Option D  That is someone can enjoy benefits of the good without bearing the costs  Free rider…

Q: how does a market economy and individual right works? explain.

A: The many laws and ordinances that make up the economy are referred to as the economic system.…

Q: Marx writes that, in order to understand surplus-value, we have to divide the workday into two…

A: Surplus value is defined in Marxian economics as the difference between the amount raised via the…

Q: Do marketers create needs?

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: to become an agricultural economist is it more important to know agriculture or to know economics…

A: Agricultural economics refers to the economic system that produces, distributes, and consumes…

Q: societies make decisions about who gets the goods they produce by:

A: In a society, producers generate different types of products and services to offer I remarks that…

Q: there are nine characteristics of a market economy. choose two that are, in your opinion, most…

A: A market economy is an economic system in which the economic choices and prices of products and…