0
What else can I help you with?
What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
What is non competition?
Non Price Competition is where a company compete against it's competitors by providing an unique niche, higher quality of service or efficiency
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
Why is monopolistic competition inefficient compared to perfect competition?
Monopolistic competition is inefficient compared to perfect competition because firms in monopolistic competition have some degree of market power, allowing them to set prices higher than in perfect competition. This leads to higher prices for consumers and less efficient allocation of resources. Additionally, firms in monopolistic competition may engage in non-price competition, such as advertising, which can further reduce efficiency.
What has the author Stephen P Foster written?
Stephen P. Foster has written: 'Ideal efficiency of propellers'
Can foster destructive competition where individuals or group position themselvs to gain resources?
resource asymmetries
What can foster destructive competition where individuals or groups position themselves to gain resources?
resource asymmetries
What antitrust laws promote greater efficiency and lower prices by protecting?
Competition
What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
What is non competition?
Non Price Competition is where a company compete against it's competitors by providing an unique niche, higher quality of service or efficiency
What is non price competition?
Non Price Competition is where a company compete against it's competitors by providing an unique niche, higher quality of service or efficiency
What are advantages of imperfect competition in south Africa?
Imperfect competition in South Africa can foster innovation and diversity in products, as firms differentiate their offerings to attract consumers. This environment encourages businesses to improve quality and customer service, benefiting consumers. Additionally, it allows smaller firms to establish a market presence and contribute to economic growth, leading to job creation. However, while there are advantages, it can also result in higher prices and reduced efficiency compared to perfect competition.
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
Benefits of privatisation?
The benefits of privatization are that there can be increased competition. This can lead to increased efficiency, and better prices for consumers.
Why is monopolistic competition inefficient compared to perfect competition?
Monopolistic competition is inefficient compared to perfect competition because firms in monopolistic competition have some degree of market power, allowing them to set prices higher than in perfect competition. This leads to higher prices for consumers and less efficient allocation of resources. Additionally, firms in monopolistic competition may engage in non-price competition, such as advertising, which can further reduce efficiency.
