Government regulations related to competition in the industry helps to clearly establish a line between fair and unfair practices thereby promotive healthy competition. How can prove it?

Q: Which market offers higher consumer surplus and why? The perfectly competitive firm or the monopoly…

A: In perfect competition, there are large number of buyers and sellers and each firm sells identical…

Q: Are there barriers to entry in a Perfect Competition market? Explain in detail.

A: In perfect competition, there is homogeneity in the products sold by the consumers. This means that…

Q: How are companies able to use the differences in culture to effectively market a product or service…

A: Numerous organizations focus their marketing efforts on one of a few portions(segments) of a…

Q: Match each of the terms to their description: Shutdown Point Price maker A. something that keeps new…

A: A monopolist is a price maker because it sells a unique product so it has the control over the…

Q: Is there perfect competition in the food delivery market? Why and How?

A: Monopoly, Oligopoly, Monopolistic Competitive forces, and Perfect Competition are the four market…

Q: Study the evolution of any brand/company of your choice regarding its target market.   In…

A: Coca cola is one of the leading brands in the soft drink market . However it has changed its over…

Q: In terms of competition policy how do German car companies use market structure and market power to…

A: Competition policy is a set of laws and regulations that are designed to promote and protect…

Q: What ethical issues affecting consumers and society as a whole are created by unfair competition?…

A: monopoly competition need to know the 2 concepts here. One is "unfair competition" and therefore the…

Q: Different between the monopoly market and perfect competition market. Define in a well manner.

A: In economics, market definition is the process of identifying and delineating a particular market…

Q: Coldwater Bicycle Company operates its factories at capacity and holds a dominant market position in…

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

Q: Name atleast 2 business or service in the Philippines that is an example of perfect competition

A: Some of the features of Perfect Competition: 1. Firms are price takers 2. No individual firm can…

Q: There are 38 nearly identical ABC stores within a one-mile radius in Waikiki. The combined size of…

A: a. There are 38 nearly identical ABC stores within a one-mile radius in Waikiki. The combined size…

Q: How does the company set its goods or services apartfrom those of its competitors? Does the company…

A: The company set its services and goods apart by differentiating its products from its competitors.…

Q: Write down the differences between Monopoly and Perfect Competition?

A: Meaning of Perfect Competition: The term perfect competition refers to the market under which…

Q: Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors…

A: Perfect Competition is a market situation where there are large number of buyer and seller s dealing…

Q: What would happen to the following if there is anincrease in marginal cost? (a) The price that the…

A: marginal cost is a important factor that decides the level of production for a firm. usually firm…

Q: How to identify the differentiation factor from our competitors.

A: The market refers to a place where various buyers, and sellers meet. The buyers purchase goods, and…

Q: Think about the definitions of competition and consumer sovereignty in economics. How could we get…

A: Competition is the practice where more than one producer compete in the market with the other…

Q: What are the differences between copyright and counterfeiting? Using examples, examine the reasons…

A: Copyright is a sort of intellectual property that protects original works of authorship once they…

Q: Why is competition an important factor that has to be studied before putting up a business?

A: Competitions refer to a situation when rivalry firms try to maximize profit by gaining market share…

Q: a source of market power that exists due to falling long run average total cost is a. Trade barriers…

A: Production cost is the monetary value incurred on factor of production to produce the output .  And…

Q: the four-firm concentration ratio in an industry increases, the industry   a.  may or may not have…

A: while calculating concentration ratio we consider the firms who have larger market percentage share…

Q: If occupational safety laws were changed so that firms no longer had to take expensive steps to meet…

A: If occupational safety laws were changed so that firms no longer had to take expensive steps to meet…

Q: What form of competition best characterizes this market? What characteristics did you identify that…

A: Monopolistic competition: The salient feature of monopolistic competitive market is product…

Q: A pharmaceutical asking for patent right for producing one important medicine, considering market…

A: The following problem has been solved as follows

Q: what issues do the onlinebusinesses face?  How are they similar to offline competition?    How are…

A: Online Business and Offline Business: The act of doing business virtually or doing business over the…

Q: Florida orange growers” advertise as a group, but individual orange growers do not. What does this…

A: There are large number of buyers and sellers in a perfect competitive market selling homogenous…

Q: Did Netflix create Blue Ocean space?Did it make the competition “irrelevant”? Why?

A: Blue Ocean Strategy:- The term "blue ocean strategy" refers to a market for a particular  in which…

Q: describe the types of market structure that exist in the tourism industry of Cyprus.

A: Tourism has quite evidently been found to contribute to the country's overall economic output (GDP).…