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

Author Question: What is the one thing that all firms in an imperfectly competitive market have in common? What ... (Read 71 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
What is the one thing that all firms in an imperfectly competitive market have in common?
 
  What will be an ideal response?

Question 2

Explain how elections in countries with democratic political institutions can place controls on corruption.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

All firms in an imperfectly competitive market exercise market power, which allows them to raise price without losing all demand for their product.

Answer to Question 2

Elections are a good way of disciplining politicians and restricting corruption because elections incentivize politicians by offering rewards and punishmentsreelecti on versus being voted out of office. Depending on the availability of undistorted information, voters can reward good behavior with reelection and punish bad behavior by switching their votes.
A-head: CONTROLLING POLITICIANS
Concept: Electoral controls on politicians


imanialler

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

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?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Common locations of urinary calculi formation. Common locations of urinary calculi formation.
pH values of common solutions pH values of common solutions
Summary of Common Probability Distributions Summary of Common Probability Distributions
Stress and the Common Cold Stress and the Common Cold
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Common Systems for Direct DNA Repair Common Systems for Direct DNA Repair
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library