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What else can I help you with?
How much does the average household spend on energy?
the average household spends around £100 a week on energy, a cost which could easily be reduced.
What are the factors that lead to the rise of monopoly?
When a big company buys or takes over another smaller company, competition is reduced, and customers have less choices.
What is the opposite of pure competition?
The opposite of pure competition is monopoly. In a monopoly, a single seller dominates the market, controlling prices and supply without competition. Unlike pure competition, where many firms offer identical products and no single firm can influence market prices, a monopolistic market can lead to higher prices and reduced choices for consumers. Other forms of market structures, such as oligopoly and monopolistic competition, also differ from pure competition but do not have the same level of market control as a monopoly.
Why are monopolies inefficient in the market?
Monopolies are inefficient in the market because they have the power to control prices and limit competition, which can lead to higher prices for consumers and reduced innovation. This lack of competition can result in lower quality products and services, as there is no incentive for the monopoly to improve or innovate.
When the excess capacity problem under monopolistic competition becomes greater there will be?
When the excess capacity problem under monopolistic competition becomes greater, firms tend to operate below their optimal output levels, leading to inefficiencies in production. This can result in higher average costs and reduced competitiveness as firms struggle to cover fixed costs. Additionally, consumers may face limited choices and higher prices due to the reduced incentive for firms to innovate or improve their offerings. Overall, the market may experience less dynamic competition and slower economic growth.
When is household Competition among co-wives in a polygynous reduced?
sororal polygmy is practiced
What did industrial consolidations and trusts reduce during the late 1800's?
Industrial consolidation and trusts reduced competition during the late 1800's =)
Is the pollution caused by household activities can be reduced through proper ventilation?
yes
How much does the average household spend on energy?
the average household spends around £100 a week on energy, a cost which could easily be reduced.
Is competition between two species reduced when the species have different niches?
True
How is electric current of high voltage made suitable for household consumption?
The voltage is reduced, in transformers.
How electric current of high voltage made suitable for household consumption?
The voltage is reduced, in Transformers.
Different species can share the same habitat but competition among them is reduced if they eat less?
Reduced competition among species in the same habitat due to consuming less of the same resources is known as resource partitioning. This can allow for coexistence by reducing direct competition for food and other resources. By specializing in different food sources or utilizing resources at different times or in different ways, species can minimize competition and better share the habitat.
What are the pros and cons of competition in the business world?
Competition in the business world can drive innovation, improve quality, and lower prices for consumers. However, it can also lead to unethical practices, market monopolies, and reduced job security for workers.
What does The ghost of competition past refer to?
The ghost of competition past refers to lessons or failures from past competitions that continue to haunt or influence present decisions and behaviors in competitive situations. It suggests that past experiences and outcomes in competitive environments shape future strategies and approaches.
What statement i about competition is true?
Competition drives innovation and efficiency, as businesses strive to improve their products and services to attract customers. It can lead to lower prices and better quality, benefiting consumers. However, excessive competition can also result in market saturation and reduced profitability for companies. Ultimately, healthy competition fosters a dynamic marketplace that encourages growth and advancement.
What impact does the monopoly electric company have on consumer choice and competition in the energy market?
A monopoly electric company limits consumer choice and competition in the energy market by controlling prices and restricting options for consumers to choose from different providers. This lack of competition can lead to higher prices and reduced innovation in the industry.
