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What else can I help you with?
What has been the main drawback of globalization for the United states?
Competition with lower wages and jobs leaving the country are some of the major drawbacks of globalization.
How does private mortgage insurance protect borrowers in the event that they are unable to make their mortgage payments?
Private mortgage insurance (PMI) protects borrowers by covering the lender's losses if the borrower defaults on their mortgage payments. This insurance allows borrowers to qualify for a mortgage with a lower down payment, but it does not protect the borrower directly.
Why is mortgage insurance required?
Mortgage insurance is required to protect lenders in case a borrower defaults on their loan. It reduces the risk for lenders, allowing them to offer loans to borrowers with lower down payments.
How does privatization leads to lower prices and greater supply?
As I see it, if you don't have private companies, then the Government runs one big monopoly (basically) and there is no competition. Therefore, when you privatize something, you allow anyone to create a company. This leads to many different people (private companies) creating the same thing, which creates competition, and therefore lowers prices (if your competitor can do the same thing, you will lower the price of your product so that people buy from your company instead of his). This also leads to bigger supply because most companies think that they'll sell more products than their competitor because they're forecasts are overoptimistic. Also the more they produce, the lower the marginal cost of their product (individual cost).
Why do you need mortgage insurance?
Mortgage insurance is required by lenders to protect them in case the borrower defaults on the loan. It helps reduce the risk for the lender, allowing them to offer loans to borrowers with lower down payments.
What antitrust laws promote greater efficiency and lower prices by protecting?
Competition
What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
What is the intent of antitrust laws?
Antitrust laws are intended to prevent companies from cooperating to prevent competition. The typical way companies do this is by making agreements to fix prices -- that is, they will all charge the same price avoiding price competition between them. They may also agree to collectively lower prices in unison to drive competitors, who are not in the group, out of business.
What effect does competition have on price and why?
Competition will lower the price of products
How do anti trust laws affect big banks?
Antitrust laws are designed to promote competition and prevent monopolistic practices, which can significantly impact big banks. These regulations can limit mergers and acquisitions, ensuring that no single bank gains excessive market power that could stifle competition. Additionally, antitrust scrutiny can lead to increased transparency and fair practices in the banking sector, ultimately benefiting consumers through better services and lower fees. By fostering a competitive environment, antitrust laws help maintain a diverse banking landscape.
What occurs when two or more businesses secretly agree to set their prices artificially high and agree not to lower them?
When two or more businesses secretly agree to set their prices artificially high and not lower them, it constitutes price fixing, which is a form of anti-competitive behavior. This practice undermines free market competition, leading to increased prices for consumers and reduced choices. Such agreements are illegal in many jurisdictions, as they violate antitrust laws designed to promote fair competition and protect consumers. Companies found guilty of price fixing may face significant fines and legal penalties.
What effect do antitrust laws have on the circular- flow model?
Antitrust laws promote competition by preventing monopolies and anti-competitive practices, which can enhance the efficiency of the circular-flow model. By ensuring that multiple producers compete in the market, consumers benefit from lower prices and improved products, leading to increased overall demand. This dynamic encourages resource allocation that aligns with consumer preferences, ultimately contributing to economic growth. Thus, antitrust laws help maintain a balanced and healthy economy within the circular-flow framework.
How consumers benefit from competition among businesses?
competition leads to lower prices
How do consumers benefits from competition among business?
competition leads to lower prices
What cause and effect demonstrate a positive quality of antitrust acts?
Antitrust acts promote fair competition by preventing monopolies and encouraging a diverse marketplace. This leads to lower prices and improved quality of goods and services for consumers, as companies strive to attract customers. Consequently, innovation is fostered, as businesses are motivated to develop new products and technologies to gain a competitive edge. Overall, these acts enhance consumer welfare and drive economic growth.
What is the goal of economic competition?
The goal of economic competition is better goods at lower prices for everyone.
