Which of the market structures is the easiest to penetrate and why? Please explain.

Q: How does a lack of competition affect prices and output?

A: Competition in the market among the firms, producer or sellers is the comparison between the price…

Q: Decide whether each of the following descriptions most closely corresponds to being part of a…

A: ANS A command economy is a form of economy where any economic problems are solved according to the…

Q: What is this collusion? The subject is principal of microeconomics.

A: Collusion is a strategy generally formed when there are few firms in the market to take extra…

Q: Institutions that bring buyers and sellers together so they can interact and transact with each…

A: Answer Explanation Market is the place where buyers and sellers meet for the exchange of goods and…

Q: Karl Marx believed that capitalism was a necessary, if unhappy, stop on the road to a higher order…

A: The system being based upon the private ownership of the production means as well as their operation…

Q: Option is gains value by producing less X / gains value by producing more X / is producing the…

A: The economics as a result is based upon the idea that the resources which the economies, or the…

Q: Name the three markets.

A: The three groups of markets form the foundation of the macroeconomy. Each set of markets exchange a…

Q: When loyalty programs work, they result in one or more of the four effects of loyalty.  Discuss…

A: Loyalty Programs: These are the techniques to attract customers and boost the sell. Under the…

Q: market structure table with example

A: Market structure:- The way industrial sectors are divided and distinguished depending on the extent…

Q: ou are a minimum-wage worker at a U.S. company that makes cars. Last month’s finance report on your…

A: Difference between total costs and total revenue gives total profits of a firms. Number of output…

Q: Please explain the characteristics of all imperfect market structures and provide an example for…

A: Any economic market that does not match the strict conditions of the hypothetical perfectly—or…

Q: Which of the following is not a typical characteristic of a market system? freedom of choice…

A: Option 3  Government production planning    the standard market system everything is closely-held…

Q: Is capitalism associated more with a market or command economy? Why would capitalism be able to do…

A: Capitalism is associated with market economy.

Q: Which of the following statements is correct?

A: c) A company must use LIFO for financial reporting if it uses it for tax purposes.

Q: there are four (4) characteristics or term in which we can differentiate a market structure from…

A: A market is a meeting place where people can exchange goods and services. The most typical…

Q: Explain the basic type of market structure in economics and explain them properly with clear…

A: 1] Perfect Competiton  In an ideal contest market structure, there are countless purchasers and…

Q: Define the parts of Hegemony and use an example to explain how it works.

A: Hegemony is the act of social dominance by one social group over another in the aspects of value and…

Q: How do unanticipated changes affect market players' economic decisions?

A: The anticipated changes in the economy means that, the policy makers would respond to the upcoming…

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: Create a policy that would tamper the market failure.

A: Market Failure: Market failure is an economic situation that generally existed in the free market…

Q: Place each example in the appropriate category. Typical of market economies

A: Market economies are the economies that are generally based on demand and supply. There is freedom…

Q: The international terror campaign being waged by Al Qaeda has an underlying economic motive. T or F?

A: Terrorism is defined as the use of violence and fear to achieve an ideological goal in its broadest…

Q: importance of competition in markets

A: Market is a means, where exchange of goods and transactions are made. Competition put business into…

Q: Analyze three ways that societies can organize themselves economically. Justify reasons most modern…

A: The three ways in which societies organize themselves economically are discussed below:

Q: Which statement of the following is true ?

A: The cost functions like AC,TC,AVC,AFC depicts the functional relationship between output and…

Q: What type of market structure does the firm participates and how did you decide this?

A: Marginal cost = Change in total cost / Change in quantity of output Marginal revenue = Change in…

Q: Describe what mercantilism is.

A: Mercantilism was an economic philosophy and popular practice in Europe from the 16th to the 18th…

Q: What is the meaning of market structure in economics? Which is a type of market structure based on…

A: In economics, market structures are studied to understand the nature of the market and a product…

Q: How does competition affect prices in a market system? How does it affect supply(what producers…

A: Competition could be a situation within which two or more people or groups try to induce something…

Q: What is the economic impact of power quality on consumer side?

A: Power quality: Power quality alludes to the capacity of electrical equipment to devour or consume…

Q: In economics, the operation of the competitive market model (Perfect Competition) produces efficient…

A: Perfect competition market consists of large number of sellers who are price takers as the market is…

Q: List the multiple factors that affect a company's market value?

A: Market esteem/value (otherwise called OMV, or "open market valuation") is the value a resource would…

Q: What are the main differences between a capitalist (market-based) and socialist (command) economic…

A: There are various types of economic systems depending on the degree of participation of public and…

Q: Car Manufacturer Scenario: You are a minimum-wage worker at a U.S. company that makes cars. Last…

A: Given the number of cars sold = 200 Cost of cars = $2000000 Revenue from cars = $2400000

Q: How does a lack of competition affect prices and output?  Describe what the role of government is in…

A: The markets are the place where the buyers of the products tend to interact with the producers. The…

Q: Decide what market structure best represents each of the scenarios listed in the table.

A: The market is a place where buyers and sellers come and interact with each other to fulfill their…

Q: Audiences are not concerned with where media texts come from.’ To what extent do you agree with…

A: Generally, people prefer to watch or reach the media text from a reliable source. The Sources of…

Q: What type of market structure is Example 2? Use at least 2 details from the text in your…

A: Monopolistic competition(MC) is an arrangement of the market which has features of both a…

Q: Is it the only goal of economicpolicymakers?

A: A person held accountable for or being involved in the policy formulation process is known as the…

Q: The distinctive way of life allegedly developed in urban areas is referred to as __________.

A: When a large proportion of world's population lives in urban areas then it is referred to as…

Q: Explain the economic concept of incentives.

A: Economic incentive: Economic incentives are what persuades you to carry on with a particular goal in…