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Is Monopoly Efficient?
Monopoly is efficient because it promotes growth in market sectors by engaging products in a competitive environment. That's what a monopoly does NOT do. A monopoly (single supplier to a marketplace) can be either efficient or inefficient. An efficient monopoly is one where, free from competitive pressures, the supplier spends all its time making more, higher quality and better costing products. That's not what usually happens. An INefficient monopoly is one where the monopolist gets fat and happy, secure in his knowledge anyone who uses the product he sells has to get it from him, and curtails innovation (since everyone's buying the stuff anyway, why bother?), cheapens the product he's selling and raises the price beyond all justification.
Which department is concerned with the efficient use of your national resources in order to create a more productive economy?
The department that is concerned with the efficient use of your national resources in order to create a more productive economy is the Bureau of Economic Analysis. This provides economic statistics including the GDP.
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 the efficient use of productive resources?
the resources are certainly not used efficiently because there is a lot of waste age
How did the Bessemer process contribute to the development of Carnegies monopoly?
The purchase enabled Carnegie to discover a more efficient production method
What is a word for getting a lot done?
Productive, Efficient, Beneficial
What are synonyms of efficacious?
productive, efficient, effective
In one word what would productive not wasteful mean?
efficient
When a person is being productive with little waste what are they being?
Efficient
Made management and organization of workers and materials more efficient and productive?
xbox
What is knowledge applied to make a business processes more efficient and productive?
Technology
Why is there levels of government?
To ease and to make administration issues more efficient and productive.
Is Monopoly Efficient?
Monopoly is efficient because it promotes growth in market sectors by engaging products in a competitive environment. That's what a monopoly does NOT do. A monopoly (single supplier to a marketplace) can be either efficient or inefficient. An efficient monopoly is one where, free from competitive pressures, the supplier spends all its time making more, higher quality and better costing products. That's not what usually happens. An INefficient monopoly is one where the monopolist gets fat and happy, secure in his knowledge anyone who uses the product he sells has to get it from him, and curtails innovation (since everyone's buying the stuff anyway, why bother?), cheapens the product he's selling and raises the price beyond all justification.
What are the words that mean the same as the word efficient?
Effective, effectual, efficacious, productive, industrious.
Who made management and organization of workers and materials more efficient and productive?
business specialists
Who made management and organized of workers and materials more efficient and productive?
business specialists
What board game did you have to find the most efficient shopping route?
Monopoly of course.. LIKE DUHHH
