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

Author Question: Why are economists less worried about industry concentration than they once were? What will be an ... (Read 103 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
Why are economists less worried about industry concentration than they once were?
 
  What will be an ideal response?

Question 2

If the price of train tickets decreases, what will be the impact in the market for bus travel?
 
  A) The quantity of bus travel demanded decreases.
  B) The demand curve for bus travel shifts to the left.
  C) The quantity of bus travel demanded increases.
  D) The demand curve for bus travel shifts to the right.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

There are several reasons why economists are less worried about highly concentrated industries. First, the theory of contestable markets suggests that firms in highly concentrated industries can be pushed to produce efficiently under the right market conditions. Second, there are real benefits of product differentiation. Third, firms in highly concentrated industries appear to spend a great deal on research and development. Last, substantial economies of scale in some industries preclude a completely competitive structure.

Answer to Question 2

B


newyorker26

  • Member
  • Posts: 536
Reply 2 on: Jun 29, 2018
Wow, this really help

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Relationship between levels of COHb in blood and concentration of CO in the surrounding air Relationship between levels of COHb in blood and concentration of CO in the surrounding air
Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
Nanomaterials Applications and Industry Used Nanomaterials Applications and Industry Used
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
In plant fossils, stomatal density is used to estimate CO2 concentration in the atmosphere In plant fossils, stomatal density is used to estimate CO2 concentration in the atmosphere
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Sperm Formation

For a complete list of videos, visit our video library