« previous next »

Author Question: Which of the following could create a cost advantage for a monopoly? A) better technology B) ... (Read 103 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?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Balancing selection and heterozygote advantage. Balancing selection and heterozygote advantage.
Charles Darwin may be dead and gone but a recent write-in campaign has pitted him against Republican Charles Darwin may be dead and gone but a recent write-in campaign has pitted him against Republican
An Example of Carbon Capture Technology An Example of Carbon Capture Technology
Create space between metatarsals by pulling sides of foot away from each other. Create space between metatarsals by pulling sides of foot away from each other.
How to create a table of values displaying commission and earnings (Question 2) How to create a table of values displaying commission and earnings (Question 2)
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Retina

For a complete list of videos, visit our video library