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

Author Question: The existence of imperfectly competitive firms implies a market failure because (Read 78 times)

olgamartinez04

  • Full Member
  • ***
  • Posts: 124
on: Oct 12, 2022
The existence of imperfectly competitive firms implies a market failure because
◦ there is no way to prevent these firms from abusing their market power.
◦ their market power allows them to deceive consumers.
◦ they do not produce a productively efficient level of output.
◦ they lead to a socially undesirable distribution of income.
◦ those firms will maximize profits by setting price above marginal cost.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olgamartinez04 on Oct 12, 2022

jbsuccess1

  • Full Member
  • ***
  • Posts: 158
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


olgamartinez04

  • Member
  • Posts: 124
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Competitive inhibition Competitive inhibition
Non-competitive inhibition Non-competitive inhibition
meds for heart failure meds for heart failure
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Pharmacologic Management of Renal Failure Pharmacologic Management of Renal Failure
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library