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

Author Question: What is market power? What kinds of firms have market power, and why is it ... (Read 82 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
What is market power? What kinds of firms have market power, and why is it used?

Question 2

What are micro-loans? Where have they been used successfully?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

Market power is a type of barrier that keeps out competition. It exists when a firm can control pricing in an industry. Monopolies and firms with large market share often have market power. This market power allows these firms to lower prices, driving out new businesses in the marketplace that cannot compete with the lower prices.

Answer to Question 2

Micro-loans are very small loans, typically around 100. They allow small entrepreneurs, particularly in developing countries, to start businesses and make money. Micro-loans have a high repayment rate and have allowed many low-income people in developing countries, especially women, to make money for their families.


tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
Gracias!

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ... Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ...
Using the Power Rule for Derivatives Using the Power Rule for Derivatives
Finding the derivative using the power rule - Solutions Finding the derivative using the power rule - Solutions
Use the power rule to find derivative Use the power rule to find derivative
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Economic objectives of firms Economic objectives of firms
Video: DNA close up Animation

For a complete list of videos, visit our video library