User Account

All Pages

Monopolies can maintain economic profits

Assignment Help Business Economics
Reference no: EM132396865

Monopolies can maintain economic profits in the short and long run because of barriers to entry which prevent competitors from entering the market. A Monopolistic Competition market does not have barriers to entry so firms are free to enter and leave the market. This creates a situation where there is a long and short run similar to perfect competition.

Google search images and find images of graphs.

  1. A graph showing: short run economic profit
  2. A graph showing: short run economic loss
  3. A graph showing: long run - normal profit (economic profit equal to zero)

Reference no: EM132396865

Questions Cloud

Act increase the marginal cost of lenders : Would there be disproportionate effects on the rich and the poor? Why? Does the act increase the marginal cost of lenders? Does it reduce the profits of lenders
Write a memo to your vp of marketing : Write a properly formatted, professional memo to your VP of Marketing that summarizes the results of your investigation into a recent customer complaint.
Limit the duration of patents and copyrights : Why is it efficient to limit the duration of patents and copyrights, whereas real property rights endure almost forever?
Develop policies to help reduce future risk in organisation : Develop policies to help reduce future risk in the organisation, paying appropriate attention to legal, cultural and ethical issues in their context
Monopolies can maintain economic profits : Monopolies can maintain economic profits in the short and long run because of barriers to entry which prevent competitors from entering the market.
Write a short essay reflecting on the religious service : Write a short TWO-page essay reflecting on the religious service you have attended. Reflect on the issue at hand using facets of Artistic Expression you have.
Is the canadian health care system sustainable : Discuss health expenditures as a percentage of GDP and as a percentage of provincial budgets over time, public vs private expenditures
What is the relationship between for-profit medicine : What is the relationship between for-profit medicine and efficiency and the quality (efficacy) of outcomes?
Explain the profitability of the medical-industrial-complex : Explain the profitability of the Medical-Industrial-Complex (MIC), how the MIC makes the US medical system more expensive and the US economy less competitive.

Reviews

Write a Review

Business Economics Questions & Answers

  Reviewing and confirming your organization

Identify two stakeholders you may consult when reviewing and confirming your organization's vision and mission.

  Demand and supply when market change

How to measure the difference of demand and supply when market change?

  Nonconstant growth valuation hart

Enterprises recently paid a dividend, D0, of $1.50. It expects to have nonconstant growth of 19% for 2 years followed by a constant rate of 8% thereafter. The firm's required return is 12%. What is the firm's intrinsic value today, P0? What is the fi..

  Explain the issues food banks have experienced

Please give four examples of and explain the issues food banks have experienced over the years. Explain a solution that can help us over come these issues.

  Are these securities the bonds issued by the government

Are these securities the bonds issued by the government? Could you pls provide some examples?

  Real gdp in 2016? in economy

Based on the information in Scenario? 1, real GDP in 2016? (in 2015? dollars) in this economy was.

  About financial institutions

Which of the following statements about financial institutions is correct? Janet saves $100 in a bank account that pays 4% interest per year. How much is Janet's account worth at the end of one year? What is the value of Janet's $100 deposit five yea..

  Heart and preventing cancer

Several medical studies have shown that drinking green tea is good for the heart and preventing cancer. How would such a study affect the public's demand for green tea at it's current price? How would it affect the type of plants that farmer's p..

  Q1 the long heel press produces memo pads in its local shop

q1. the long heel press produces memo pads in its local shop. the corporation can lease its paraphernalia and hire

  Use straight-line-quadratic and cubic formulas

Fit three possible statistical cost functions to the data. Use straight-line, quadratic, and cubic formulas. Discuss the statistical results you obtained in question 1. Include in your discussion R2 , the coefficients, and the statistical significanc..

  What is the certainty equivalent of opportunity

Fred has a utility function U=10P^.5 and also has an investment opportunity that will pay 25 with probability .4 and 100 with probability .6. what is the certainty equivalent of this opportunity?

  What made secession significant trend in the history

What made secession a significant trend in the history of the United States? It led directly to the American Civil War. It changed the national identity of the North. It signaled the abolition of slavery in the South. It resolved the Nullification Cr..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd