What factors enable some firms to become monopolists?
What factors enable some firms to become monopolists?
Homework Answers
Answer:- There are various factors that enable some firms to
become monopolists. Monopolists are the ones who own a market for
specific goods completely. Verious factors are:-
1. One important factor may be the high cost involved in the entry
of such industries.
2. Monoply also arises when one single firm owns the key resource
for the production of a specific product.
3. When parents are issues over production of such products.
4. Geographical factors like the non presence of other firms in
that specific location.
5. If all the firms of the industry merge or one of them acquires
all others then also monopoly is created.
6. When government imposes licensing o we production of such
products.
All these factors enable some firms to become monopolists.
Why do some firms compete on “nonprice factors” rather than on price? Discuss
Why do some firms compete on “nonprice factors” rather than on price? Discuss
Question 2 Why do some firms compete on "nonprice factors" rather than on price? Discuss.
Question 2 Why do some firms compete on "nonprice factors" rather than on price? Discuss.
Both monopolists and purely competitive firms are assumed to behave as if they seek to maximize...
Both monopolists and purely competitive firms are assumed to behave as if they seek to maximize profits, yet monopoly is held to result in an inefficient allocation of resources as compared to pure competition. Explain. Marginal costs serve as a guide as to how much of a good to produce, while average variable costs help indicate whether to produce at all. Explain. 8 points Why did Professor Snow invest additional resources to make this class an effective one? He could...
Identify basic human needs and factors that enable them to be satisfactorily met
Identify basic human needs and factors that enable them to be satisfactorily met
What are the factors accelerating modern hospital to become important in providing health care?
What are the factors accelerating modern hospital to become important in providing health care?
What factors explain why the world’s trading nations have become increasingly interdependent, from an economic-political viewpoint,...
What factors explain why the world’s trading nations have become increasingly interdependent, from an economic-political viewpoint, during the post-World War two era? Please also incorporate some of the recent development in international trade from the NYTimes.
What are some Political factors, Economic factors, Sociocultural factors, Technological factors, Legal factors, and Environmental factors that affect...
What are some Political factors, Economic factors, Sociocultural factors, Technological factors, Legal factors, and Environmental factors that affect healthcare cost?
How can a university/college level course, "Organizational Behaviour and Leadership" enable you to become a better...
How can a university/college level course, "Organizational Behaviour and Leadership" enable you to become a better manager? (points should be precisely explained)
what are some examples of zika virus interpersonal factors and community factors
what are some examples of zika virus interpersonal factors and community factors
There are over 150 known strains of bacteria that are considered normal human flora. A. What...
There are over 150 known strains of bacteria that are considered normal human flora. A. What are some factors enable these “normal biota” to become pathogenic and invade the host? [I am looking for microbe Virulence factors] B. Explain why some bacteria infect specific tissues or regions of the host. (This was in the movie, Bacteria and Humans) C. What are some properties of the bacteria that allow these organisms to evade host defense mechanisms?
Question 2 Why do some firms compete on "nonprice factors" rather than on price? Discuss.
Both monopolists and purely competitive firms are assumed to behave as if they seek to maximize profits, yet monopoly is held to result in an inefficient allocation of resources as compared to pure competition. Explain. Marginal costs serve as a guide as to how much of a good to produce, while average variable costs help indicate whether to produce at all. Explain. 8 points Why did Professor Snow invest additional resources to make this class an effective one? He could...
Most questions answered within 3 hours.
-
1a. The __________ functional group often triggers our sense of
smell.
1b. The geometry around a...
asked 2 minutes ago -
A uniform plank of length 2.00 m and mass 34.0 kg is supported
by three ropes,...
asked 3 minutes ago -
Suppose a floor on a hospital has 12 physicians at any given
time. You are brought...
asked 17 minutes ago -
Compartmentalization
in eukaryotic cells facilitates chemical reactions happening faster
due to... Select all
Substrates needed for...
asked 4 minutes ago -
The deltaH for the solution process when solid sodium
hydroxide dissolves in water is 44.4 kJ/mol....
asked 7 minutes ago -
a. Discuss the reciprocal/opposite “hormonal” regulation of the
most highly regulated steps of these two pathways....
asked 25 minutes ago -
Members of unions had mounted campaigns to persuade customers
not to shop at a company because...
asked 26 minutes ago -
Why is the alpha carboxyl group pka value 2 ?
And why is an alpha amino...
asked 35 minutes ago -
Identify and assess an intrapreneurial
opportunities within Bank of America and
intrapreneurial assessment. Assess its impact...
asked 41 minutes ago -
How do I figure out the range of possible numbers that can be
represented by the...
asked 42 minutes ago -
A 0.48-kg metal sphere oscillates at the end of a vertical
spring. As the spring stretches...
asked 46 minutes ago -
If a block of Si is doped with 10^17 Boron atom/cm^3 and 5X10^16
Arsenic atoms/cm^3,
(a)...
asked 1 hour ago