Business, 02.08.2019 05:30, kevinmarroquin6

Which of the following is characteristic of a competitive market? a. low output. b. efficiency. c. high cost. d. inexhaustible supply

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Social Studies, 02.08.2019 11:30, earcake8692

1. why does a perfectly competitive market require many participants as both buyers and sellers? (1 point) a) because the merchandise must be uniform b) so that no individual can control the price c) in order to maintain quality over the goods d) so that both buyer and seller have the same information 2. what is the relationship between start-up costs and a competitive market? (1 point) a) markets with high start-up costs are less likely to be perfectly competitive. b) markets with high start-up costs are more likely to be perfectly competitive. c) low start-up costs are likely to make a market less competitive. d) there is no consistent relationship between start-up costs and the competitiveness of a market. 3. which of the following is characteristic of a competitive market? (1 point) a) high costs b) low output c) inexhaustible supply d) efficiency 4. a natural monopoly is (1 point) a) any situation in which only a single seller is allowed to exist. b) a monopoly in which the goods produced are agricultural resources. c) an industry that runs best when one firm produces all the output. d) an industry in which the government provides all the output. 5. a discounted airline fare is a price discrimination that can be offered because (1 point) a) people do not necessarily want to go where the discounts will allow them to go. b) vacationers are willing to put up with the restrictions that the airlines impose. c) people who fly on business want the price discounts but do not qualify. d) senior citizens qualify for discounts on certain types of flights but not on others.

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Business, 18.10.2019 13:20, ruslffdr

For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to? adequate information economies of scale uncompetitive products sufficient technology 4. which of these industries has not been considered a natural monopoly in the past 30 years? diamonds water phone service electricity 5. what is an oligopoly? a market that has a few firms dominating the market a market that has many firms selling slightly different products a market that has one seller and many buyers a market that has many buyers and sellers 6. for the average total cost curve of a firm without economies of scale, what happens to costs as output increases? costs initially go up and then go down. costs initially go down and then go up. costs go down. costs go up. 7. what is the combination of two or more companies into a single firm called? a trust a merger predatory pricing deregulation 8. offering products of different tastes and shapes is an example of which of the following? nonprice competition perfect competition oligopolistic competition the law of demand 9. the controller of a monopoly sets the price of goods by charging the price at which the profit is maximized only a small amount over cost less than the company would charge if it did not have a monopoly as much as possible, regardless of the amount sold 10. many critics argue that government efforts to regulate industries have caused which of the following? predatory pricing inefficiencies insufficient supply collusion 11. what is an agreement among firms to charge one price for the same good called? nonprice competition price fixing a price war monopolistic competition 12. which of the following is not a method that the government uses to intervene and prevent firms from controlling the price and supply of important goods? breaking up monopolies deregulating industries regulating business practices blocking mergers 13. what are the three practices of oligopolies that concern the government the most? price fixing, collusion, and cartels price leadership, collusion, and cartels differentiation, price leadership, and price fixing collusion, price leadership, and price fixing 14. what are the expenses a firm must pay before it can begin to produce and sell goods called? start-up costs perfect competition commodities imperfect competition 15. compared to a market with perfect competition, a monopoly often has higher prices and more goods lower prices and more goods lower prices and fewer goods higher prices and fewer goods 16. which of the following could not prevent a market from becoming perfectly competitive? high start-up costs excessive information problems accessing necessary technology lack of technological know-how 17. which of the following is characteristic of a competitive market? low output high costs inexhaustible supply efficiency 18. economists usually call an industry an oligopoly if only one product is available on the market the four largest firms produce at least 70–80 percent of the output there is one firm that produces 100 percent of the output the ten largest firms produce less than 50 percent of the output 19. for the average total cost curve of a firm with economies of scale, what happens to costs as output increases? costs initially go down and then go up. costs go up. costs go down. costs initially go up and then go down. 20. what is one of the effects that the internet has had on business? it has decreased the kinds of goods that are available to individual buyers. it has reduced start-up costs for many businesses. it has led to new monopolies in many industries. it has increased the prices of goods that are not bought on the internet.

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Business, 25.10.2019 23:43, 9tpompey

Which of the following is characteristic of a competitive market? a) high costs b) low output c) inexhaustible supply d) efficiency

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Business, 27.10.2019 02:43, rylei

1. why does a perfectly competitive market require many participants as both buyers and sellers? (1 point) because the merchandise must be uniform so that no individual can control the price in order to maintain quality over the goods so that both buyer and seller have the same information 2. what is the relationship between start-up costs and a competitive market? (1 point) markets with high start-up costs are less likely to be perfectly competitive. markets with high start-up costs are more likely to be perfectly competitive. low start-up costs are likely to make a market less competitive. there is no consistent relationship between start-up costs and the competitiveness of a market. 3. which of the following is characteristic of a competitive market? (1 point) high costs low output inexhaustible supply efficiency 4. a natural monopoly is (1 point) any situation in which only a single seller is allowed to exist. a monopoly in which the goods produced are agricultural resources. an industry that runs best when one firm produces all the output. an industry in which the government provides all the output. 5. a discounted airline fare is a price discrimination that can be offered because (1 point) people do not necessarily want to go where the discounts will allow them to go. vacationers are willing to put up with the restrictions that the airlines impose. people who fly on business want the price discounts but do not qualify. senior citizens qualify for discounts on certain types of flights but not on others.

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