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 77 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 :)

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

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?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Common Homophones Common Homophones
Common spinal disfigurements. Common spinal disfigurements.
Common Fluoride Products Common Fluoride Products
Common Anti-Emetics Common Anti-Emetics
Common Antibiotics Causing Antibiotic Associated Diarrhea Common Antibiotics Causing Antibiotic Associated Diarrhea
Common Metamorphic Rocks Common Metamorphic Rocks
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library