In which market structure there is a single seller?

Q: What is market integration?

A: Economics as a subject was developed since there was a limited amount of resources on earth.…

Q: Why might a service business be more selective than a goods-producingbusiness regarding the…

A: Supply is the relationship between the price of a commodity and the the goods and services to be…

Q: The bicycle industry consists of seven firms. Firms 1, 2, 3, each has 20% of the market share, and…

A: The correct answer is given in the second step.

Q: Which of the following is NOT one of the three primary determinants of market structure?   A.…

A: Market structure can be defined as the market characteristics. There are four major types of market…

Q: explain your understanding of monopolies' impact on consumer welfare and how policies towards…

A: Monopoly refers to the type of market or industry in which the whole market is controlled by a…

Q: ASAP

A: A monopoly refers to a particular firm and its items controlling an entire industry whereby there is…

Q: Suppose that the graph below depicts a perfectly competitive market.       a. What are the…

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a…

Q: Which two kinds of monopolies exist? Which is more economically efficient? Why?

A: Monopoly is a market structure in which there is a single firm and large number of buyers. The…

Q: Find supporting evidence that competition makes markets more efficient in this case.

A: Competition arises when the number of sellers in the market increase, as more firms join an industry…

Q: In terms of which of the following is the monopoly greater than the competitive market? a)…

A: The monopoly is a market structure which is characterized by the presence of a single seller selling…

Q: In most markets, independents are the most common form of retailer. Why is this the case?

A: There are various types of market where Retailer , wholesale sale their products either homogeneous…

Q: Alex Potter owns the only well in a town that produces clean drinking water. He faces the following…

A: The firm would maximize the profits at the point, MR = MC where, MR is the Marginal Revenue MC is…

Q: Why are changes of prices of commodities is very responsive to the needs of the consumer?

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Is it feasible to prohibit monopolies in all markets?

A: Monopoly is a market structure where there is only one seller and many buyers. The seller has…

Q: What is the quantity that maximizes social surplus? Explain. How much worse off is society as a…

A: A monopoly is a market structure characterized by a single firm dominating the market. The market…

Q: Explain what markets are and how they are generally classified.

A: In economics, market refers to the place for the people to interact and make economic activities.

Q: How can we avoid monopolies being created in the Indian economy? Explain with a couple of examples.

A: A monopoly is when one business holds a dominant position in an industry or area to the point where…

Q: Suppose in a small town called Utopia live 200 children and 300 adults. The only entertainment in…

A: Meaning of Fixed Cost and Total Revenue and Marginal Cost: Fixed costs are the cost which remains…

Q: When there is an excess demand of a product in an unregulated market,the tendency is for

A: When there is excess demand of a product in an unregulated market,there will be shortage of…

Q: 21. The above figure shows the market for a particular good. If the market is controlled by a…

A: First-degree price discrimination, or perfect discrimination, is the highest level of price…

Q: In which form of the market structure is the degree of control over the price of its product by a…

A: To find : Degree of control over the price of the product by firm.

Q: How does market power or monopoly subvert the coordinating function of market prices?

A: A market situation in which there is a single seller of a commodity for which there are no…

Q: Tell me how you find out how much to charge for a bushel of corn. Kim I ell my corn at the grain…

A: In case of perfect competition, there are large numbers of buyers and sellers who havew complete…

Q: We want to model the oil markets of the 19th century. And let the inverse demand for oil be P = 300…

A: In the monopsony market only one buyer and one seller. In this market optimal condition be determine…

Q: How does the monopoly quantity (assuming no price discrimination) compare to the competitive…

A: Monopoly is a type of market structure in which a single firm sells a commodity for which there are…

Q: The graph below shows the daily demand curve for fresh spring water in a remote mountain village in…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: U.S. pharmaceutical companies charge different prices for prescription drugs to buyers in different…

A: A) Contingent upon the abroad business sectors elasticity of demand and prevailing price ceilings…

Q: Is it feasible to prohibit monopolies in all markets? Does advertising help or hurt consumers?

A: No, it is not feasible to prohibit monopolies in all markets. In economics, the term monopoly refers…

Q: What are the main characteristics of a competitivemarket?

A: A perfectly competitive market is the one, where there are a large number of firms selling…

Q: Why is the Nifty 50 Index (Indian market) considered an Emerging Market? 250 Words

A: The NIFTY 50 is a baseline Indian stock market index that reflects a weighted sum of 50 of the…

Q: Pfizer own the copyright for “Pfizer COVID Vaccine (PCV)”. The total cost of producing Q units of…

A: TC=100+50Q+0.5Q2 P=300-0.2Q

Q: Differentiate the four types of market structures regarding to the number of sellers and pricing…

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

Q: chis information to answer the next six questions. following table shows a community's demand for…

A: A monopoly is when particular firm and its items  controls an entire industry whereby there is…

Q: What role does the U.S. government play with respect to market competition?   a.) It preserves…

A: Correct : c.) It polices anticompetitive behavior and prohibits contracts that restrict competition.

Q: Is price discrimination considered as fair business practice. Why do companies tends to sell…

A: Price discrimination means a seller selling the same product to different consumers at different…

Q: Describe how marketersclassify products

A: A product is a good or a commodity that is put out for sale in exchange of money. The price of a…

Q: Are all markets regulated or deregulated?

A: Regulated market is the one which is centrally handled and customers have no choice. Whereas…