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-Firms are motivated to invest resources in industries with a high consumer demand and move away from industries where demand is low.
-Firms are encouraged firms to minimize the resources they consume to produce a commodity and to use the most efficient technologies.
-Commodities are distributed among buyers such that buyers receive the most satisfying commodities they can purchase, given what is available to them and the amount they have to spend.
Answer: All the Above
What else can I help you with?
Who benefits the most from a monopoly?
In a monopoly, the entity that benefits the most is the monopolistic firm itself. It gains significant market power, allowing it to set prices higher than in competitive markets, leading to increased profits and potentially reduced innovation. Consumers typically face fewer choices and higher prices, while the lack of competition can stifle improvements in product quality and service. Overall, the monopolist's advantage often comes at the expense of consumer welfare and market efficiency.
What markets comes closes to the model of perfect competition?
The question is incomplete. No options are given (for which of the following) to answer the question. firms face downward-sloping curves
What are the changes that have fostered globalization?
global trade influences the efficiency of many people's lives! in a result green money comes at them
What is the difference between bear and bull markets when it comes to stock investing?
Bull market investors have a more hopeful attitude about the state of things and thus the bull markets are rising whereas bear market investors take a more pessimistic stance on things and are thus falling.
What is the impact of international competition?
International competition allow consumers to have more options when it comes to products. They also help prices fall because the market is more competitive.
What are the six marketing fundamentals?
- focus on the customer (the customer comes first) - only compete in a market where you can obtain a competitive advantage - customers buy benefits - marketing is too important to be left to the market departement alone - markets are heterogeneous - markets are constantly changing
Can you gave me a sentence for the word competitive?
He is very competitive when it comes to snowboarding.
Who challenged the assumption that ethical behavior comes at the expense of economic efficiency?
who challenged the assumption that ethical behavior comes at the expense of economic efficiency
Is it bad if puss comes out of under your toenail?
not if you have an ingrown toenail... then it is perfectly normal
Who benefits the most from a monopoly?
In a monopoly, the entity that benefits the most is the monopolistic firm itself. It gains significant market power, allowing it to set prices higher than in competitive markets, leading to increased profits and potentially reduced innovation. Consumers typically face fewer choices and higher prices, while the lack of competition can stifle improvements in product quality and service. Overall, the monopolist's advantage often comes at the expense of consumer welfare and market efficiency.
What emphasizes the elegant character of a product?
In most cases elegance is a byproduct of efficiency, in accordance with the principle that form follows function. Something that is perfectly formed in order to do what it is supposed to do, will therefore be elegant. However, when it comes to something like an elegant gown, it's more complicated. Sometimes originality, extravagance, or other aesthetic factors will be considered more important than efficiency.
How are mens football leagues different from womens?
As you may or may not know, men are very violent and competitive when it comes to sports. So, mens is more competitive.
Will red dead redemption be on time if it comes out on Friday 21 may and i preordered it. like it comes out the day or the day after?
It appeared to be perfectly on time
Are efficiency and effectiveness the same when it comes to achieving goals?
Efficiency and effectiveness are not the same when it comes to achieving goals. Efficiency refers to how well resources are used to achieve a goal, while effectiveness refers to the extent to which a goal is achieved. In other words, efficiency is about doing things right, while effectiveness is about doing the right things.
How do you use of measuring cup?
you pour the substance in and see which gradation it comes to. There is no mystery, a perfectly simple tool.
How come you saliva in your sleep?
when you sleep your facial muscles relax, so your mouth opens and saliva comes out. this is perfectly normal to do.
Do elephant seals have eggs or live babies?
When it comes to birth, elephant seals are perfectly normal mammals, with live births.
