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Is it true that a firm with a market power can sell whatever quantity it wishes at whatever price it chooses?
Not necessarily. If a company has "market power", this would mean that they have more market share than other companies in the industry. If this company tried to significantly increase prices, they can very quickly lose their market power to competitors (assuming that the competitors leave their prices relatively the same) coming in and taking away customers with lower prices.
Another rule of thumb is that the more profitable your business is, the more competitive it will become. Others will see that there is money to be made and will join in the market to steal customers away from you.
Just because you are a market leader doesn't mean you can jack up your prices and still continue to be a market leader.
What else can I help you with?
Why is it impossible for a profit-maximizing monopolist to choose any price and any quantity it wishes?
The monopolist can choose either the price or the quantity, but choosing one determines the other - they come in pairs.
What does a person's will list?
Whatever the testator wishes to list. A good will should include the individual's statement that it is a will, a list of the natural beneficiaries, and the disposition of assets. It may include the creation of trusts, and even individual bequests of specific items.
What will happen when the reserve bank wishes to implement a deflationary open-market policy?
There will be changes made to interest rates as well as a deliberate depreciation of the face value of the currency. There will also be more purchases on the open market of government-backed and foreign securities as well as more spending on public goods or services.
What are the differences between perfect and imperfect competition?
Perfect competition is a theoretical market situation in which there are many buyers and many sellers of virtually identical goods, with every buyer and seller possessing accurate information about availability and prices, and no individual buyer or seller is big enough to influence the market. In perfect competition, there are no barriers to entry - that is, anyone who wishes can easily get into the business of selling the particular goods.
What will occur if reserve bank wished to impliment a deflationary open-market policy?
If a reserve bank wishes to implement a deflationary open-market policy, it will sell government securities in the open market. This action reduces the amount of money in circulation, leading to higher interest rates and discouraging borrowing and spending by consumers and businesses. The overall effect aims to curb inflation by decreasing demand in the economy, thereby stabilizing prices. However, it may also risk slowing economic growth if not managed carefully.
What is Sovereignty of Parliament in UK?
The UK parliament can do whatever it wishes. (in theory!)
Do Androids Dream of Electric Sheep Does Rachael live?
Yes. Deckard considers killing her, and then chooses not to. Later, he regrets this decision, and wishes he had killed her.
What does eat out of ones hand mean?
to give one no trouble; do whatever one wishes
Why is it impossible for a profit-maximizing monopolist to choose any price and any quantity it wishes?
The monopolist can choose either the price or the quantity, but choosing one determines the other - they come in pairs.
What can one purchase on the 3 Wishes site?
3 Wishes is a website that specializes in sexy lingerie, sexy costumes for Halloween or whatever one wishes, and much more, such as wigs, hats and shoes. They are based in North Carolina.
Colonel Custer is surrounded by Indians and he finds a Genie who grants him one wish but whatever he wishes for the Indians get two of what does he wish for?
A broken leg? Old riddle. He wishes for a glass eye.
Where are Cardinal from?
Historically, Cardinals were the clergy of Rome, and they elected the new Pope. Nowadays, the Cardinals are all chosen by the Pope, and he chooses whoever he wishes from all over the world.
Can a husband cash in a wifes life insurance if she is still alive?
Yes as long as he is the owner of the policy...he can do whatever he wishes.
Can vampires turn into bats?
Vampires are not real. That said, in stories, they can do whatever the author wishes.
What would a steel dragon breathe?
As steel dragons are a figment of the imagination they can breathe whatever the imaginer wishes, or not at all.
Are vampires sensitive to high pitched sounds?
Vampires, being entirely fictional, are sensitive or not to whatever the author wishes them to be.
Why did Lauren London name her baby that?
She named her baby "that" because she is the mother and can name her baby whatever she wishes.
