« previous next »

Author Question: Which of the following could create a cost advantage for a monopoly? A) better technology B) ... (Read 84 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jul 1, 2018
Which of the following could create a cost advantage for a monopoly?
 
  A) better technology
  B) lower friction due to better organization
  C) standardization
  D) All of the above.

Question 2

The welfare loss of a tariff equals that of an import quota that leads to the same level of imports.
 
  Indicate whether the statement is true or false


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

False. In the case of a tariff the government receives revenue which does not reduce welfare. With a quota this amount is often lost to foreign importers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jul 1, 2018
Correct answers!


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
Technology in the Law Office Technology in the Law Office
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
question in cost accounting question in cost accounting
Reengineering the Ti plasmid to create transgenic plants Reengineering the Ti plasmid to create transgenic plants
Video: Sister chromatids of a metaphase chromosome animation

For a complete list of videos, visit our video library