Why is the price of internet not Pareto efficient? Group of answer choices -An internet provider...
Why is the price of internet not Pareto efficient?
Group of answer choices
-An internet provider is a natural monopoly
-Because internet providers do not profit maximize
-Because internet access is a right
-Because internet access is over-regulated
Choose one answer
Homework Answers
Ans) the correct option is a) An internet provider is a natural monopoly
Internet providers create natural monopoly because of economies of scale meaning a single firm can supply a good or service to an entire market at a lower cost than could two or more firms.
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Why is the price of internet not Pareto efficient?
Group of answer choices
-An internet provider...
1. Marginal cost pricing means that a firm charges Group of answer choices A price that...
1. Marginal cost pricing means that a firm charges Group of answer choices A price that is marginally lower than the average total cost of production. Any price as long as average total cost is greater than marginal cost. A price that is marginally higher than the average total cost of production A price that is equal to the marginal cost of production. 2. If the government wants a natural monopolist to achieve allocative efficiency, the government should Group of...
Explain why the equilibrium price and quantity is Pareto efficient. As part of your explanation, you...
Explain why the equilibrium price and quantity is Pareto efficient. As part of your explanation, you must explain what is Pareto efficiency and show that it fits this definition. Pareto efficiency refers to a market equilibrium that is perfectly competitive. A market is considered Pareto efficient where any change to the price from its equilibrium level would cause in a reduction of the total surplus (area shaded in blue). Thus, any reduction in the total surplus would cause a change...
A natural monopoly is most likely to result if a single firm: Group of answer choices...
A natural monopoly is most likely to result if a single firm: Group of answer choices is the only seller in a community. is investor-owned, but is granted the exclusive right by the government to operate in a market. experiences economies of scale over a wide range of output. has gained control over a strategic input of an important production process.
An intem is working for Pacific TV (PTV), a small cable and internet provider, and has...
An intem is working for Pacific TV (PTV), a small cable and internet provider, and has proposed some questions that might be used in the survey to assess whether customers are willing to pay $50 for a new service. Complete parts (a) and (b) below Question 1 Do you fnd that the slow speed of dial-up Internet access reduces your experence of web services? Question 2. Given the growing importance of high-speed Internet access for your children's education, would you...
1. Regulations that offer imperfect answers Group of answer choices Reflect the realistic choices that society...
1. Regulations that offer imperfect answers Group of answer choices Reflect the realistic choices that society must make between imperfect markets and imperfect government intervention. Are options that should never be implemented. Will always have costs greater than their benefits. Are not consistent with utility maximization in the real world. 2. An unregulated natural monopoly is most likely to Group of answer choices Produce where marginal cost equals price. Charge a lower price than if the same product were produced...
1) The "Profit-Max/Loss-Min/Shutdown Rule" applies to: Group of answer choices Pure Monopoly only Perfect Competition only...
1) The "Profit-Max/Loss-Min/Shutdown Rule" applies to: Group of answer choices Pure Monopoly only Perfect Competition only Most market structures All market structures 3) A firm in a monopoly market structure always operates at an economic profit. Group of answer choices True False 4) Comparing monopoly and competitive market structures, "Deadweight Loss" refers to: Group of answer choices Underground markets developing to supply the monopoly good. Shortages caused by high monopoly pricing. The production gap resulting from under-allocation of resources. Surpluses...
Explain why the equilibrium price and quantity is Pareto efficient. As part of your explanation, you...
Explain why the equilibrium price and quantity is Pareto
efficient. As part of your explanation, you must explain what is
Pareto efficiency and show that it fits this
definition.
Pareto efficiency refers to a market equilibrium that is
perfectly competitive. A market is considered Pareto efficient
where any change to the price from its equilibrium level would
cause in a reduction of the total surplus (area shaded in blue).
Thus, any reduction in the total surplus would cause a change...
Explain why the equilibrium price and quantity is Pareto efficient. As part of your explanation, you...
Explain why the equilibrium price and quantity is Pareto
efficient. As part of your explanation, you must explain what is
Pareto efficiency and show that it fits this
definition.
Pareto efficiency refers to a market equilibrium that is
perfectly competitive. A market is considered Pareto efficient
where any change to the price from its equilibrium level would
cause in a reduction of the total surplus (area shaded in blue).
Thus, any reduction in the total surplus would cause a change...
Which organization helps define the overall structure of the Internet? Group of answer choices none (no...
Which organization helps define the overall structure of the Internet? Group of answer choices none (no one "owns" the Internet) W3C ICANN The Department of Commerce (U.S.) IAB
Which one of the following statements is correct concerning market efficiency? Group of answer choices If...
Which one of the following statements is correct concerning market efficiency? Group of answer choices If the market is efficient the price instantaneously adjusts to new information In an efficient market, some market participants will have an advantage over others Real asset markets are more efficient than financial markets. If a market is efficient, arbitrage opportunities should be common.
An intem is working for Pacific TV (PTV), a small cable and internet provider, and has proposed some questions that might be used in the survey to assess whether customers are willing to pay $50 for a new service. Complete parts (a) and (b) below Question 1 Do you fnd that the slow speed of dial-up Internet access reduces your experence of web services? Question 2. Given the growing importance of high-speed Internet access for your children's education, would you...
Explain why the equilibrium price and quantity is Pareto
efficient. As part of your explanation, you must explain what is
Pareto efficiency and show that it fits this
definition.
Pareto efficiency refers to a market equilibrium that is
perfectly competitive. A market is considered Pareto efficient
where any change to the price from its equilibrium level would
cause in a reduction of the total surplus (area shaded in blue).
Thus, any reduction in the total surplus would cause a change...
Explain why the equilibrium price and quantity is Pareto
efficient. As part of your explanation, you must explain what is
Pareto efficiency and show that it fits this
definition.
Pareto efficiency refers to a market equilibrium that is
perfectly competitive. A market is considered Pareto efficient
where any change to the price from its equilibrium level would
cause in a reduction of the total surplus (area shaded in blue).
Thus, any reduction in the total surplus would cause a change...
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