QUESTION 8Which one of the following statements on nationalisation and privatization is correct?Nationalisation is the transfer of ownership from public sector to the private sector.Privatisation is the transfer of ownership from private enterprise togovernment.One of the arguments in favour of privatisation is that the privatised firm may attract foreign direct investment.O Commercialization is the same as privatisation

Answered: QUESTION 8 Which one of the following…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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13 Why do monopolies lack productive efficiency? A Because barriers to entry eliminate competition BO Because they are unable to achieve economies of scale Because investments in innovation are costly DO Because they produce at the bottom of the average cost curve
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What factors have contributed to entry barriers being lowered for many entrepreneurs? O a. decline in venture capital investing O b. greater interest in entrepreneurship c. sharing economy Od. higher business tax rates
Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE Part 4 Lee: Right. Inflexible rules, applied the same way every time and in every situation, are just a sign of corporate insanity. This is a company that knows how to adapt and make smart decisions based on the circumstances at hand. Remember when we found out that Allied Chemical hair gel accelerated hair growth at twice the industry standard . . . just before the hair would fall out? Remember what happened to Winfred after he tested out the stuff for us? Remember how happy Allied Chemical was with us when we figured how to market their goop anyway? The rules are made to help us, the best of the best, get what we want. We are the "enlightened" of the break room, and the rules are meant to help US get what WE want. End Part 4 Irrational forces perspective. Sociological school of thought. Legal realism school of thought. Critical Legal Studies school of thought.
Following our discussions of "bargaining" between transnational enterprises and host country governments, in what ways might Dell have a strong bargaining position in Brazil, at least at the outset? O Dell is a prestigious, well-known company O Because Brazil's states have a lot of independence from the national government on many issues, Dell can negotiate with different states to get favorable tax incentives All of the statements listed as responses to this question are correct O Dell is planning to hire hundreds of workers at relatively high-paying jobs
5. Indicate whether each of the following statements is true or false, and explain your answer.A. If a monoplist is producing a level of output at which demand is inelastic, the firm is not maximizing profits and increasing output will decrease total revenu.B. When a monopolist maximizes profits, the price is greater than the marginal cost of producing the output. This means that consumers are willing to pay more for additional units of the product than these additional units of the produce. Thus, the monopolist should produce and sell addional units of output.C.A monopolistically competitive firm produces a level of output at which price equals $80, marginal revenue equals $40, average total cost equals $100, marginal cost equals $40 , and average fixed cost equals $10. To maximize profit, the firm should produce a smaller output and sell it at a higher price.D. In a monopolistically competitive market, a firm has market power because it produces a differentiated product. This means…
1. Patents A. are a form of trade secret. B. create monopoly power. C. always increase total welfare. D. reduce deadweight loss. 2. An example of an essential facility is A. U.S. Route 66. B. your local pizza parlor. C. the telephone line into your house. D. the Golden Gate Bridge.
please correct/fix my asnwers and complete the problem. thank you!
answer this one 3. Now, suppose that in addition to the home country opening up to free trade, the foreign country has alsoopened up to free trade. As a result, both firms sell their product in both markets.A) Find each firms’ overall output, market price in each market, and each firms’ overall profitB) Explain what effect free trade has (relative to no trade) on the firms and consumers Suppose a firm operates as a monopoly in the domestic (home) market for a product. The demand for itsproduct is given by the inverse demand function: P = 120 −QD. The company’s costs are: T C = 20Q+ 200and MC = $20.A) Find the firm’s profit-maximizing output and price as a monopoly.B) Find the firm’s total profit in the monopoly market.Suppose the home country open up to free trade…
Deadweight loss occurs in the Monopoly market because- [More than 1 correct option] a. Price charged by a monopolist is higher than perfectly competitive market b. A monopoly market restricts output below the level in perfect competition. c. A monopolist makes greater profit by producing at the minimum possible long-run average cost. d. For a monopoly market marginal benefit equals marginal cost. **NOTE** PLEASE REMEMBER THAT THERE IS MORE THAN 1 CORRECT OPTION. SO PLEASE DON'T JUST GIVE ONE ANSWER.
13. What is the economic argument that monopolies are most often less efficient than highly (say, perfectly) competitive producers? for managerial economics class
need correct answer alongwith explain each option. please argunt thank you !!!!!!!!

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