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The costs to the buyers on shopping by using online platforms is zero while the costs to the sellers in participating in these online markets are almost zero (and negligible relative to the large sales volume).
The costs of exiting these market platforms for sellers is zero. Assume that the costs of shipping and transactions costs are zero and let us consider the product hand sanitizers in an online global market. (context)
Question: Let us assume that hand sanitizer sellers in these online market platforms are making a profit in the short-run. Show this situation using a diagram. Consider the entire global market in this case. Now, explain with the help of another diagram the adjustments that may occur in this market in the long-run.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
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