jsavagejsavage9347 jsavagejsavage9347
  • 06-01-2018
  • Business
contestada

When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent?

Respuesta :

Kalahira
Kalahira Kalahira
  • 19-01-2018
The profits earned by the monopolist represent a transfer of benefits from the consumer to the producer. If the consumer continues to support a monopoly they give very little possibility of competition emerging due to the monopoly having such a huge share of the market. The monopoly holds all the power since the customer relies so heavy on them for their product and the customer does not have many options.
Answer Link

Otras preguntas

somebody please help me fast
List three references where God is directly credited as the orchestrator of Job's trials.
How do you solve 6 divided by 1/3
3w*w=48 what is w!!!!!
Can any one help please
During cardiopulmonary resuscitation (cpr, it is important to place the compression hands over the sternal body but not over the xiphoid process so that _______
Observation on woodlice
For many years, Kiev was the center of Russia. True False The Slavs settled in most of Eastern Europe. True False The Slavs settled in most of Eastern Europe.
Anna studies the color of her bedroom wall using different lights. In sunlight, she sees that the wall is white. Anna darkens the room and shines a beam of ligh
Plz help me on this...