![gunnatvinson](/avatars/40661.jpg)
gunnatvinson
22.04.2020 •
Business
In unregulated monopoly: a consumers are confronted with a price that is lower than marginal cost. b consumers are confronted with a price that is lower than average total cost. c because P > MC, a basic condition for efficiency is violated. d consumers will consume more of the good than is economically efficient. e consumers are faced with prices that are lower than marginal revenue.
Solved
Show answers
More tips
- S Science and Technology Colliders: How They Work and Why They Matter...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- C Computers and Internet How to Get Rid of Windows Genuine Check?...
- C Computers and Internet War of Social Media: Which Platform is the Leader?...
- H Health and Medicine How to Treat the Flu: A Comprehensive Guide...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
Answers on questions: Business
- B Business Most of us have similar values, but we might put them in vastly different orders of importance. true or false...
- B Business what can be the basis for the division of a country in a federal structure? give short introduction to each of them...
- B Business 5. Consider a firm redesigning its logistics network. What are the advantages to having a small number of centrally located warehouses? What are the advantages to having...
- B Business John runs a small business and employs 150 people. He is able to spend enough time with his family because he can plan his work hours easily. John therefore has the advantage...
- B Business Bianca regularly maintains contact with representatives from various constituencies outside the company, including state and federal agencies and local civic groups. This...
- B Business Within the relevant range of 50,000 to 400,000 units, the fixed costs are $150,000, and the variable costs are $1 per unit. What will the total costs be at an activity...
- B Business Congress passed the Nursing Mothers Law in 2010, a law that requires employers to give nursing mothers break time and private space for pumping breast milk for their babies....
- B Business Assume that Blaine Kitchenware CEO Victor Dubinski has made the following share repurchase proposal to Blaine’s board of directors: Blaine will use $209 million of cash...
- B Business 2. Type the correct answer in the box. Spell all words correctly. Which career involves analyzing varlous factors that influence the customer decision-making process?...
- S Social Studies Andre enjoys playing video games, but there is not a video game about his favorite hobby: collecting stamps. Andre decides to make a video game, not his for his enjoyment...
Ответ:
c. because P > MC, a basic condition for efficiency is violated.
Explanation:
An unregulated monopoly is a market in which monopoly holders have control over goods and services, giving them the ability to do whatever they like. Under unregulated monopoly, having a free market is impossible as price gouging is always evident.
In unregulated monopoly a basic condition for efficiency is violated because price is greater than marginal cost (P > MC).
Where P is the price and MC is the marginal cost of goods.
Ответ: