Give one real-life example of a monopoly (or near-monopoly) in any economy, and explain what market-entry...
Give one real-life example of a monopoly (or near-monopoly) in any economy, and explain what market-entry barriers make it a monopoly.
Homework Answers
In simple terms used as we all know that Monopoly is the market type where only single seller rules the market with price decision .
There are barriers to entry and exit in the market .
The best example of this type of market power can be Google
The market power of Google is due to the new technology ,continuous upgradation and competitive advantage over its competitors.
Recently they have also announced the quantum Supremacy which is the newest technology in the supercomputers which will change the world of supercomputers.
They have claim the patent for this
Other entry barrier are the economy of the scale at which they are providing the technology related solutions in various fields.
More barriers include physical resources ,trademark of the company which is very hard to get achieve
Add Answer to:
Give one real-life example of a monopoly (or near-monopoly) in
any economy, and explain what market-entry...
2. Give your own example of a real-life market that may be a monopoly and one...
2. Give your own example of a real-life market that may be a monopoly and one that may be an oligopoly. Explain why that market is a monopoly and why the other market is an oligopoly. ollisia ei olorat diw)
3. Give (“a real life”) example of a market where you think the First Fundamental Theorem...
3. Give (“a real life”) example of a market where you think the First Fundamental Theorem of Welfare Economics does not hold. Explain why it does not hold in this market
SPORTS MARKET ECONOMICS Give one example of a perfectly competitive team and one example of a...
SPORTS MARKET ECONOMICS Give one example of a perfectly competitive team and one example of a monopoly team. Explain.
share a real life story or example of advocacy and lobbying and explain any of the...
share a real life story or example of advocacy and lobbying and explain any of the textbook concept in the context of the real life example. Book: Non profit Management principles and practices by Michael J worth chapter 11.
For a monopoly to persist, the market must be closed to entry. Identify and explain three...
For a monopoly to persist, the market must be closed to entry. Identify and explain three means of doing so and provide an example for each.
A monopoly is a market in which there are high barriers to entry, which are restrictions...
A monopoly is a market in which there are high barriers to entry, which are restrictions that make it difficult for new firms to enter a market. There are two types of barriers to entry: natural barriers and government-created barriers. Sort the following into the appropriate type of entry barrier. Taxi companies have market power because it is difficult for new companies to obtain a license to operate. ALCOA’s production costs per unit of aluminum continued to fall as the...
1. a. Give a real life example of a negative externality. Explain the Pigouvian solution to...
1. a. Give a real life example of a negative externality. Explain the Pigouvian solution to a negative externality. b. Explain the Coase theorem.
Give an example of a monopoly. a) State which barrier to entry it utilizes. b)...
Give an example of a monopoly. a) State which barrier to entry it utilizes. b) Have you ever purchased this good or used this service? Explain Give an example of a company that uses price discrimination. a) State which type of price discrimination it utilizes. b) Have you ever purchased their good or used their service? If so, how were you impacted by their price discrimination
First, give one real-life example for each of these reaction types. Then, explain which type declines...
First, give one real-life example for each of these reaction types. Then, explain which type declines more with normal aging, and why. "simple" reaction time (one stimulus -> one response) e.g. a light changes color (stop or go) "choice" reaction time (two stimuli -> choosing tow different responses) e.g. noise or ight (light hand or foot)
Give a real life example of an implicit fixed cost and an explicit variable cost. Explain briefly your reasoning. 5...
Give a real life example of an implicit fixed cost and an explicit
variable cost. Explain briefly your reasoning.
5. Give a real life example of an implicit fixed cost and an explicit variable cost. Explain briefly your reasoning.
2. Give your own example of a real-life market that may be a monopoly and one that may be an oligopoly. Explain why that market is a monopoly and why the other market is an oligopoly. ollisia ei olorat diw)
Give a real life example of an implicit fixed cost and an explicit
variable cost. Explain briefly your reasoning.
5. Give a real life example of an implicit fixed cost and an explicit variable cost. Explain briefly your reasoning.
Most questions answered within 3 hours.
-
How do the mechanical features of bone affect its roles as
repositories of phosphate and calcium,...
asked 2 minutes ago -
P agreed to buy 100 barrels of widget oil, which was stored in a
large tank...
asked 2 minutes ago -
The unstable isotope 40K is used for dating rock samples. Its
half-life is 1.28×109y. How many...
asked 5 minutes ago -
Compare and contrast constructed-response items and
selected-response items.
Identify at least one (1) advantage and one...
asked 6 minutes ago -
A) Find the moment of inertia of a 2 meter long stick with a
mass of...
asked 5 minutes ago -
For the code below write a public static main() method
in class Student that:
- creates...
asked 8 minutes ago -
Please show all steps. Thank you
A 1.0-cm-diameter pipe widens to 2.0 cm, then narrows to...
asked 20 minutes ago -
The equilibrium constant for the following reaction Ag+(aq) +
2NH3(aq) Ag(NH3)2+(aq) is K = 1.7 ×...
asked 29 minutes ago -
A carbon heater element has fixed resistance of 28 Ohms. It is
connected to an A/C...
asked 30 minutes ago -
Suppose X∼Exp(λ) for some λ >0. Compute E(X) and Var(X).
asked 44 minutes ago -
Xanth Co. has 8.9% annual coupon bonds with face value of $1,000
and 7 years remaining...
asked 41 minutes ago -
The Bellevue University bookstore purchases sweatshirts with the
school name and logo from a vendor. The...
asked 44 minutes ago