If you add more money to the economy, you might expect to see: More suppliers to meet the demand unleashed by the extra cash A move to oligopoly from the free market as big companies become bigger Fewer suppliers to meet the demand unleashed by the extra cash Drmand move to other products; the extra cash won't affect this supply-demand relationship
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If you add more money to the economy, you might expect to see: More suppliers to meet the demand unleashed by the extra cash A move to oligopoly from the free market as big companies become bigger Fewer suppliers to meet the demand unleashed by the extra cash Drmand move to other products; the extra cash won't affect this supply-demand relationship.
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- Examples of this market from uae or Gcc countries : 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:Match the statements to complete a correct sentence A market structure with only one seller called Monopoly A market structure with few sellers called Oligopoly If the income elasticity of demand for bananas is 3.45, then banana's considered as Choose. The cost that is declining as output increase Choose. The quantity that consumer is willing and able to buy at a given price and time period is Quantity demanded The quantity that producer is willing and able to sell at a given price and time period is Quantity supplied The cost that remain unchanged regardless of of level of production called Choose. The time frame at which at least one input is fixed called Choose.. If the elasticity of demand is infinity, then the demand curve is Choose. If the elasticity of demand is zero, then the demand curve is Choose. The time frame at which all inputs are variables called Choose. If the cross elasticity of demand between good A and B is -2.7, then A and B are Choose.policies government can have in place to increase perfect competition in the market
- A free market is one where decisions regarding what and how much to produce are made by the market itself. This market is made up of buyers and sellers negotiating prices for goods and services. It is generally accepted that there are four degrees of competition within a free-market system. These include perfect competition, monopolistic competition, oligopoly, and monopoly. One benefit of the free market is that it allows open competition among companies. Businesses must provide customers with high-quality products at fair prices with good service. If they don't, they lose customers to businesses that do. Select the degree of competition that best describes each listed industry or business based on the description.Xerox, the U.S. Postal Service, and McDonald's have enjoyed significant market power in the past. List and explain three major factors that have eroded this market power. Market power is eroded when A. better substitutes become available because the market has less competition. B. better substitutes become available because consumers will not be willing to pay as much for a good. C. fewer substitutes are available because the market has less supply. D. no substitutes are available because consumers have no choices. O E. fewer substitutes are available because consumers are more sensitive to prices. Market power is eroded when A. existing firms exit the market because this increases the profits of remaining firms. B. more firms enter selling different products because this introduces complements. C. more firms enter selling the same product because this increases competition. O D. barriers block entry of new firms because consumers will not be willing to pay as much for a good. E.…Why do oligopolies exist? Oligopolies exist due to barriers to entry network externalities intense competition market failure
- a. Suggests why prices tend to stay rigid b. Illegal in the United States. c. Suggests that oligopolies sometimes choose not to profit maximize |d. Suggests that firms make decisions not in their best interests because they are not allowed to cooperate. Choices. Game theory Revenue maximization Collusion/cartel Kinked demand curveWhich of the following statements is true about Andrew Carnegie, John D. Rockefeller, and Henry Ford? They built monopolies and controlled the prices of certain goods. They invested in small businesses to get started. They used effective strategies to contribute to America’s rapid economic growth. They used the assembly line to make their businesses more efficient.Explain how organizations can collude to raise prices of products like sugar using the concept of market forces.
- QUESTION 36 In 2018, a few countries want to join together to restrict the oil supply to the world market. Together, these countries' exports of oil account for 80% of the total global trade. What would they be trying to accomplish? They are attempting to form a cartel, increase their joint output, and control a larger percentage of the total global trade. They are attempting to price discriminate between consumers of their exported oil, thereby increasing their share of the global trade and increasing their joint profits. They are attempting to form a cartel, jointly restrict output, and increase the world price of oil. They are attempting to act as a bloc to restrict entry of new producers to the world market, and thereby protect their joint profits.Examples of this market from any country : 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:The five forces that affect the structure of competition in a particular market do NOT include: bargaining power of buyers. bargaining power of suppliers. potential regulation. existing competitors.