Engineering College

How Monopolies and Collusions Affect the Economy
Describe the concepts of monopoly and collusion in a market economy. Give five examples of monopolies and collusion among sellers and their effects on the market economy.

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Answer 1

Answer:

Image result for How Monopolies and Collusion Affect the Economy Describe the concepts of monopoly and collusion in a market economy. Give five examples of monopolies and collusion among sellers and their effects on the market economy.

Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost) New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.

Explanation:

i hope this helped

Related Questions

Calculate LER for the same wing if we increase the span to 0.245 m. By increasing the span, we also increase the glider weight to 0.0523 newtons.

4.74
0.2108
0.0523
0.18

Answers

Answer:

0.2108

Explanation:

WA = 0.245 x 0.045 = 0.011025 m2. Then, LER = 0.011025/0.0523 = 0.2108.

Technician A says that a range shift is used to select high or low gear ratios within the transfer case. Technician B says that a mode shift is used to select two wheel drive or four wheel drive. Which technician is correct

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Technician A says that a range shift is used to select high or low gear ratios within the transfer case is true while Technician B  is false.

What is this shift about?

A range shift is known to often take place when there is either high or low speed ratio of the given transfer case that is known to be selected.

Note that A range shift arrangement is known to be seen  for moving a gear reduction unit that is found between a low-range operating speed and also that of a high-range operating speed.

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technician A says that many port fuel-injection systems on four-cylinder engines use a simultaneous firing of injectors. Technician B says that sequential fuel injectors are timed and pulsed individually, much like the spark plugs are sequentially operated in firing order of the engine. Who is correct

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In the two scenario above concerning port fuel-injection and sequential fuel injectors, only Technician b is correct.

How many injectors can be found in a 4 cylinder?

A vehicle often has one fuel injector per cylinder and if one has a four-cylinder car, it would also have four fuel injectors.

Note that Fuel-pressure regulators that are found on a port fuel-injected systems is one that often work with injector pressures that is said to be of 30 to 55 PSI.

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A company intends to market a new product and it estimates that there is a 20% chance that it will be first in the market

and this will give 2 million dollar revenue in its first year. However, if it is not the first in the market it will only be .5 million.

What is the EMV?

Answers

The EMV - Ending Market Value is given as:
$2,400,000.

How is the EMV Arrived At?

The EMV is given as:

BMV x (i + r); Where

BMV is the Beginning Market Value; and

r is the interest rateor percentage given.

Hence the EMV = 2,000,000 x ( 1 + 20%)

= 2,000,000 x 1.2

= $ 2, 400,000.

It is to be noted that the BMV is the Beginning Market Value which is the value of an investment at the start of the business period.

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