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Are there other public functions that might benefit from more competition including competition from private firms?

Highway departments and public education are two public functions that would benefit from more competition. The incentive to work would be increased in order to keep their jobs.


How would you describe unfair trade practice laws?

These laws involve various types of business competition, especially with reference to trademarks, price maintenance, and price discrimination.


Would you describe the following markets as monopolistic competition or oligopoly a refrigerators chachawould you describe the following markets as monopolistic competition or oligopoly a refrigerator?

The market for refrigerators can be described as monopolistic competition. While there are several manufacturers offering a variety of brands and models, each company differentiates its products through features, design, and marketing. This results in a diverse range of choices for consumers, but no single firm has significant market power to control prices. In contrast, an oligopoly would involve a few dominant firms with substantial influence over the market, which is not the case in the refrigerator market.


Why is competition important?

Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.


Is competition important?

Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.

Related Questions

Are there other public function that might benefit from more competition including competition from private firms?

Highway departments and public education are two public functions that would benefit from more competition. The incentive to work would be increased in order to keep their jobs.


Are there other public functions that might benefit from more competition including competition from private firms?

Highway departments and public education are two public functions that would benefit from more competition. The incentive to work would be increased in order to keep their jobs.


Who might have complained that competition with the railroads would cause them to loose money?

Canals & stage coach lines.


What are the advantages and disadvantages of robotic arms?

There are many advantages and disadvantages of robotic arms. One of the main advantages is to have a machine do repetitive tasks that humans would find very boring. One of the disadvantages is that if something looks like it might be going wrong the robot might not notice as fast as a human would.


What would a j look like?

You might describe a "J" as a hook or a fishhook.


What are some words to describe yourself that begin with the letter N?

I would describe myself as neighborly, noble and nice. Others might describe me as nasty, nutty and nuisance.


Describe characteristics and give examples of prefect competition?

Perfect competition is a market structure where there are many small firms selling identical products, with no barriers to entry or exit. Characteristics include identical products, perfect information, ease of entry and exit, and no market power for individual firms. An example would be the agricultural market for corn or wheat.


What does monopaly mean?

If there was no monopaly then there would be no competition with no competition then there would be no monopaly


How much would you earn in a competition?

it depends what competition?


How would you describe unfair trade practice laws?

These laws involve various types of business competition, especially with reference to trademarks, price maintenance, and price discrimination.


What are the advantages of using the Scrub Tech surgical tube?

There are many advantages one might have when it comes to using a surgical tube. After scrubbing in, a technician would use a surgical tube that was specifically created for surgery, therefore, it would be safe.


What is an approach a military historian would take to study the Cuban missile crisis?

A historian might describe the tactics the United States might have used to physically destroy the missiles in Cuba.