Ask Question
BusinessBusiness
6 March, 21:03

Is the loss in efficiency due to market power large or small? explain. the loss in efficiency due to market power is?

+1
Answers (1)
  1. 6 March, 21:33
    0
    Small

    Explanation:

    Competition limits the market power, even when the market is not perfectly comparative.

    Market power refers to a company's relative ability to manipulate the price of an item in the marketplace by manipulating the level of supply demand or both.

    A company with substantial market power has the ability to manipulate the market price and thereby control its profit margin, and possibly the ability to increase obstacle to potential new entrants into the market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Is the loss in efficiency due to market power large or small? explain. the loss in efficiency due to market power is? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and January 1. Dion Company uses the straight-line method of amortization for bond premium or discount.
Answers (1)
Brian vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is:
Answers (1)
When the auditors of a nonpublic company are unable to comply with generally accepted auditing standards, they should issue an opinion that is unmodified, but include an additional emphasis-of-matter paragraph in the report. a) trueb) false
Answers (1)
Economic systems that are best for consumers
Answers (1)
Suppose that demand for a good increases and, at the same time, supply of the good decreases. what would happen in the market for the good?
Answers (1)
New Questions in Business
In a certain economy in 2005, households spent $1,000 on goods and services; purchases of capital equipment, inventories, and structures amounted to $350; government spent $450 on goods and services;
Answers (1)
Mutual interdependence means that each oligopolistic firm: a. faces a perfectly elastic demand for its product. b. must consider the reactions of its rivals when it determines its price policy. c. produces a product identical to those of its rivals.
Answers (1)
Green Valley Mills produces carpet at plants in St. Louis and Richmond. The carpet is then shipped to two outlets, located in Chicago and Atlanta.
Answers (1)
Which of the following is an appropriate base to distribute the cost of building depreciation to responsibility centers? Total budgeted direct operating costs of the responsibility centers. Square feet occupied by the responsibility centers.
Answers (1)
Which of the following is a manufacturing cost? A. Indirect materials B. Advertising expense C. Depreciation of the office equipment used by the sales staff D. Salary of clerical workers
Answers (1)
Home » Business » Is the loss in efficiency due to market power large or small? explain. the loss in efficiency due to market power is?
Sign Up Forgot Password?