Question

In: Economics

7. The U.S. has an extensive history of a. successful battles b. ethics in every industry...

7. The U.S. has an extensive history of

a. successful battles

b. ethics in every industry

c. ethics in India

d. legislation dealing with antitrust

8. mixed economies rely on _______ to help with their deficiencies :

a. governmental policy

b. their citizens

c. good business practices

d. ethical behavior

9. which is a main view on how to address monopoly issues:

a. regulation

b. government war

c. move to a different place

d. competition above all.

10. Monopoly hinders:

a. incentives to come up with new technology.

b. all things true of a commercial enterprise

c. governmental accounting efficiency

d. socialism and Marxism.

Solutions

Expert Solution

Ans 7.
Correct answer is option d. legislation dealing with antitrust
US has history of legislation in antitrust since 1890 of Sherman act.
Ans 8.
Correct answer is option a. governmental policy.
In a mixed economy both the govenrmnt and private enterprises have to play a role.

Ans 9.
Correct answer is option a. regulation
Regulators need to intervene in monopolistic market and attempt to determine what a normal return for the monopoly owners’ investment should be, and they set prices accordingly for public welfare.


Ans 10.

Correct answer is option a. incentives to come up with new technology.
Natural monopolies require a large initial investment that benefits from economies of scale; therefore, government may authorize a single seller to provide a certain service because having multiple sellers would be too costly. Therefor in such cases monopolist may avoid invesmnt in new technology and avoid disruption ot their business model

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

7. The U.S. has an extensive history of a. successful battles b. ethics in every industry...
7. The U.S. has an extensive history of a. successful battles b. ethics in every industry c. ethics in India d. legislation dealing with antitrust 8. mixed economies rely on _______ to help with their deficiencies : a. governmental policy b. their citizens c. good business practices d. ethical behavior 9. which is a main view on how to address monopoly issues: a. regulation b. government war c. move to a different place d. competition above all. 10. Monopoly hinders:...
Chapter 7: Careers in the Health Industry - Basics of the U.S. Health Care System, Fourth...
Chapter 7: Careers in the Health Industry - Basics of the U.S. Health Care System, Fourth Edition Nancy J. Niles Real-Life Applications: Case Scenario Three One of your employees approaches you about continuing her education. She has an undergraduate degree in science and mathematics. She decided to work for a few years in the healthcare industry before she continues her graduate education. She is interested in becoming an independent healthcare professional but is unsure of her direction. She has asked...
7. What determines the number of firms in an industry (a) in the short run, (b)...
7. What determines the number of firms in an industry (a) in the short run, (b) in the long run.
Industry A has an HHI ratio of 4,400 while industry B has an HHI ratio of...
Industry A has an HHI ratio of 4,400 while industry B has an HHI ratio of 800. Given this information, the Justice Department will likely scrutinize a potential horizontal merger in ___________. a. Industry B b. Neither industry A nor B c. Industry A. d. Industry A and B
US airlines – Case Study The United States Airline Industry The U.S. airline industry has long...
US airlines – Case Study The United States Airline Industry The U.S. airline industry has long struggled to make a profit. Analysts point to a number of factors that have made the industry a difficult place in which to do business. Over the years, larger carriers such as United, Delta, and American have been hurt by low-cost budget carriers entering the industry, including Southwest Airlines, Jet Blue, AirTran Airways, and Virgin America. These new entrants have used nonunion labor, often...
Chobani’s history has included its successful offering of a variety of single-serving packages of fruit flavored...
Chobani’s history has included its successful offering of a variety of single-serving packages of fruit flavored Greek yogurt. The Chief Marketing and Brand Officer of this company stated, “We want to inspire customers to eat yogurt throughout the day, and increase per-capita consumption.” Looking at social-cultural trends, Chobani desires to be innovative and wish to begin to develop and offer a wider product mix. What are your thoughts about new product development at Chobani? How will it convince customers that...
Chobani’s history has included its successful offering of a variety of single-serving packages of fruit flavored...
Chobani’s history has included its successful offering of a variety of single-serving packages of fruit flavored Greek yogurt. The Chief Marketing and Brand Officer of this company stated, “We want to inspire customers to eat yogurt throughout the day, and increase per-capita consumption.” Looking at social-cultural trends, Chobani desires to be innovative and wish to begin to develop and offer a wider product mix. What are your thoughts about new product development at Chobani? How will it convince customers that...
Our history of alcohol regulation in the U.S. has shown how alcohol was considered a social,...
Our history of alcohol regulation in the U.S. has shown how alcohol was considered a social, moral, political, and medical problem in different ways from colonial times to the passing of the Anti-Drug Abuse Act in 1988. Alcohol, as we have also seen, is something that both affects personal health as well as the health of others. In at least 200 words examine what you see as the appropriate amount of government intervention in alcohol regulation. In your response, discuss...
1. Over history, the institution of marriage in the U.S. has undergone many changes. In detail,...
1. Over history, the institution of marriage in the U.S. has undergone many changes. In detail, describe the landmark styles of marriage and how they differ from each other (hint: institutional, companionate, and individualized marriage). 2. For each style of marriage, describe the cultural context that influenced marriage in that era. Based on current trends, how do you think marriage styles will change in the future? this is for my Family And Consumer Studies FCS 2400 course
For the last 7 years Andy has made deposits of ​$108.00 at the end of every...
For the last 7 years Andy has made deposits of ​$108.00 at the end of every six months earning interest at 11 % compounded semi-annually. If he leaves the accumulated balance for another 9 years at 11% compounded monthly, what will the balance be in the​ account?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT