Explain why market power leads to deadweight loss. firms with market power create deadweight loss because they a. charge a price that is greater than marginal cost to maximize profits. b. produce where marginal revenue is greater than marginal cost to maximize profits. c. produce more than a perfectly competitive industry would to maximize profits. d. charge a price that is less than marginal cost to maximize profits. e. charge a price that is equal to marginal cost to maximize economic surplus. the total deadweight loss from market power for the economy is small large .

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of: