This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The existence of imperfectly competitive firms implies a market failure because (Read 87 times)

olgamartinez04

  • Full Member
  • ***
  • Posts: 124
on: Oct 12, 2022
The existence of imperfectly competitive firms implies a market failure because
◦ there is no way to prevent these firms from abusing their market power.
◦ their market power allows them to deceive consumers.
◦ they do not produce a productively efficient level of output.
◦ they lead to a socially undesirable distribution of income.
◦ those firms will maximize profits by setting price above marginal cost.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olgamartinez04 on Oct 12, 2022

jbsuccess1

  • Full Member
  • ***
  • Posts: 158
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


olgamartinez04

  • Member
  • Posts: 124
Reply 2 on: Oct 12, 2022
Wow, this really help

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Drugs That May Worsen Heart Failure Drugs That May Worsen Heart Failure
Drugs for Advanced Heart Failure Drugs for Advanced Heart Failure
Left-side and right-side heart failure. Left-side and right-side heart failure.
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library