The three major types of economic systems are O capitalism, oligopoly, and planned economies O capitalism, pure competition, and planned economies. O capitalism, monopoly, and mixed economies capitalism, planned economies, and mixed economies
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- Only typed answer 1. Why do oligopolies exist? A. A small number of firms have established barriers to entry using economies of scale, patents, and sheer size to prevent other firms from challenging them. B. The oligopolistic firms are created, run, and supported by the government. C. The members of an oligopolistic market are producing in the upward sloping range of their long run average cost curves.dr. phelps (Edmund Phelps) claims the US is becoming more corporatist -- which of the four models (pure competition, monopolistic competition, oligopoly, or monopoly) may be the most useful for analyzing the microeconomic behavior of firms in today's economy? discuss whethere you belibe Phelps is correcg in concluding that our current social-political-economic system does not facilitate nor stimulate our economy's dynamism as much as it did in the past. response should be at least 5 sentences per each part of the question. so a total of 10 sentences or more.Define economic efficiency in terms of production costs and product prices. Okay by are purely competitive industries economically and efficient and monopoly industries are not efficient?
- Why do oligopolies exist? Do oligopolies exist due to ? a. market failure b. barriers to entry c. economic profit d. intense competitionDefine economic efficiency in terms of production costs and products prices. Why are purely competitive industries and economically efficient and monopoly are not efficient?What are the factors contributing to the rise of oligopolies and monopolies during the observation period in the article "The Emergence of Oligopoly" by Eichner, Alfred S. (2019)
- Which market has market power or not and is it good to have market power or not: 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:E2 Conduct an analysis of market structures: Are perfectly competitive markets and their outcomes more preferred than monopolies? Compare the market structures and perfect competition and monopolies, and analyse the advantages and disadvantages of these market structures from the perspective of consumers, producers and a welfare maximising government.Intellectual property laws are intended to promote innovation, but some economists, such as Milton Friedman, have argued that such laws are not desirable. In the United States, there is no intellectual property protection for food recipes or for fashion designs. Considering the state of these two industries, and hearing in mind the discussion of the inefficiency of monopolies, can you think of any reasons why intellectual property laws might hinder innovation in some cases?
- Question: Compare and contrast perfect competition and monopoly market structures. What are the key differences?Please Dont use AI tool.Between Monopolistic competition andOligopoly, which do you think is better inan economy? Why?That is correct! Наpру Economics Mentor Okay, I think we can now determine what kind of market you operate in. Kim There are four main types of markets: perfectly competitive, monopolistically competitive, oligopolies, and monopolies. Kim The corn market- an agricultural market – is which kind of market? Kim a monopolistically competitive market an oligopoly a perfectly competitive market a monopoly Submit
