This topic contains a solution. Click here to go to the answer

Author Question: The electronics market in Tunica is completely dominated by JC Inc., a company that manufactures ... (Read 97 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
The electronics market in Tunica is completely dominated by JC Inc., a company that manufactures electronic components and gadgets. The company produces most of the essential goods in large quantities and has no competition.
 
  The company has recently
  increased the prices of its products because of their high demand and this is affecting
  the consumers adversely. This type of market domination by a single firm represents a
  market failure referred to as ________.
  A. externality
  B. monopoly
  C. information asymmetry
  D. bankruptcy
  E. marketing myopia

Question 2

As part of Gorbachev's package of reforms for the new Soviet government in 1989 he called for the creation of a new executive president.
 
  Indicate whether this statement is true or false.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

B

Answer to Question 2

True




RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Jul 8, 2018
Wow, this really help


JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

For a complete list of videos, visit our video library