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Monopolists are considered allocatively inefficient because they set prices above marginal costs, leading to a decrease in consumer surplus and an overall loss of economic welfare. Unlike in competitive markets, where prices reflect the true cost of production and resource allocation is optimized, monopolies restrict output to maximize profits. This results in fewer goods being produced and consumed than would be socially optimal, causing a deadweight loss to society. Consequently, resources are not allocated in a way that maximizes total welfare.
What else can I help you with?
Why Monopolistic Markets Are Said to be Productivity inefficient in the Long run?
The lack of competition breeds complanency and inefficiency.
What is the average cost of a cockapoo?
it depends but because they are said to be disigner dogs they are usally beetween £600 - £1000
Explain where the internal labor market can influence the work conditions in the internal labor market?
because bob said so
Why are there poor people?
There is only one reason for poverty. Greed. Acquiring more than we need. It is a very grave sin. Yes, Jesus said the poor will always be with us, he said this because he understood that greed will always be with us.
How did the north and south differ economically?
the south wanted slavery because thet thought it was write and the north said it was knot right to be trited that crull
How much efficiency is inefficient?
When an item or service costs more money or time to produce than the return you gain from it, then it can be said to be inefficient. Obviously this will vary with the item concerned.
Why Monopolistic Markets Are Said to be Productivity inefficient in the Long run?
The lack of competition breeds complanency and inefficiency.
Why do you keep thinking of what you said?
You keep thinking about what you said because, maybe you shouldn't of said it e.t.c, and because you should not of said it your thinkin about it all day.
What are some reasons arthur miller wrote his play?
Because Ashton said so Because Ashton said so Because Ashton said so
What is a sentence for evoution?
Because God said so Because God said so
Why are constellations important to astronomers?
Because Chuck Norris said they were
Husband said he is gay then said he only said that because i keep bothering him?
chances are he is gay!
Why is when and how what then?
Why is when because who said that how was a slut!
Is because i said so a sentence fragment?
Yes, "because I said so" is a dependent clause. By itself it is a fragment.
What does pues yo dije que si mean in English?
This is an improper sentence in Spanish. Porque yo = Because I Dijo = He/she said. If the sentence is supposed to say "Because I said so", that would be "Porque yo lo dije" (because I said it) or "Porque you lo digo" (Because I say it).
Is a Megalodon bigger than a Whale Shark?
yes because everything said that.
Who said bureaucracy is a necessary evil for work to be done?
Max Weber, a German sociologist and philosopher, is often credited with this perspective on bureaucracy. He argued that while bureaucracy can be cumbersome and inefficient, it is necessary for complex organizations to function smoothly and achieve their goals.
