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1. Competition fosters efficiency because producers have to offer the best products at reasonable prices.
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∙ 10y ago
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What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
What is non competition?
Non Price Competition is where a company compete against it's competitors by providing an unique niche, higher quality of service or efficiency
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
Why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
What has the author Stephen P Foster written?
Stephen P. Foster has written: 'Ideal efficiency of propellers'
What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
What antitrust laws promote greater efficiency and lower prices by protecting?
Competition
How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
What is non competition?
Non Price Competition is where a company compete against it's competitors by providing an unique niche, higher quality of service or efficiency
What can foster destructive competition where individuals or groups position themselves to gain resources?
resource asymmetries
Can foster destructive competition where individuals or group position themselvs to gain resources?
resource asymmetries
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
Frequency speed efficiency streamlined features and global competition are traits of?
Modern information systems
What is non price competition?
Non Price Competition is where a company compete against it's competitors by providing an unique niche, higher quality of service or efficiency
Frequency speed efficiency streamlined features and global competition are traits of which of the following?
modern information systems
Benefits of privatisation?
The benefits of privatization are that there can be increased competition. This can lead to increased efficiency, and better prices for consumers.
