How does competition influence the quality of products

Reference no: EM13188016

what is the primary requirement for a market to be competitive? is competition necessary for markets to work well? why or why not? how does competition influence the following: (a) the cost efficiency of producer, (b) the quality of products, and (c) the discovery and development of new products?

Reference no: EM13188016

Questions Cloud

Determine if market is currently in equilibrium or not : Suppose the government decides to place a tax on competitive business profits that would cause businesses to decrease output and generate a deadweight loss. Revenues from the tax would be redsitributed to low-income individuals. The decision to le..

Depict the organic and inorganic products : draw the organic and inorganic products and select the correct (R) or (S) designation around the stereocenter carbon in the organic substrate and organic product. Include wedge/dash bonds and H on a stereocenter.

State what is the theoretical yield of nitrogen in grams : what is the theoretical yield of nitrogen in grams from part (a)? c) if the actual yield of nitrogen in the reaction in part (a) is 30.3g calculate the percent yield.

Investigate examples of software failure : Investigate examples of software failure and see if you can discern any trends. Is the failure-rate getting better or worse?

How does competition influence the quality of products : what is the primary requirement for a market to be competitive is competition necessary for markets to work well why or why not how does competition influence the following: (a) the cost efficiency of producer, (b) the quality of products, and (c)..

Define to expand reversibly and adiabatically : A sample of nitrogen of mass 3.12 g at 23 C is allowed to expand reversibly and adiabatically from 400 cm^3 to 2 dm^3

Explain how much work is needed to perform the compression : Calculate how much work is needed to perform the compression in the following scenario

What was pricing policy given the change in demand : Advanced technology digalized theEDG read out and the demand for the old style machine dropped. The drop in demand resulted in a demand resulted in a demand curve of P=3900-.15Q. What was XYZ's optimal output and priving policy given this change i..

State benzoic acid to the buffer made of acetic acid : How will buffer capacity change if you add 0.2 M of benzoic acid to the buffer made of 0.3 M of acetic acid

User Account

All Pages