Compare and contrast the following market forms. As part of your analysis you should include an...

Compare and contrast the following market forms. As part of your analysis you should include an example of where these various market types are in operation.
a) perfect competition
b) monopoly

Expert Solution

Perfect competition and monopoly are entirely different from each other.In perfect competition there are many sellers as well as many buyers.Here the price of the commodity is determined by the market and not by the sellers or buyers.For example if a seller is selling his commodity for high price(not possible because the price is determined by the market and it is fixed) then the buyer can move to another seller because here in perfect competition there are many sellers.The consumers(buyers) have perfect knowledge about the market price.Perfect example for perfect competition is agricultural market where different sellers sells the agricultural product( onion, tomato, rice) but the price of the commodities are same because the price is decided by the market and they fixed for all buyers and sellers.In monopoly there are many buyers and single seller( unique product),which means a single seller for a product and many buyers for buying the product.Here the price of the commodity is determined by the seller because the product is unique.For example suppose if a seller is selling his commodity for high price then the buyer can't move to another seller because here we have single seller who sells his unique product which has no close substitute. Example for monopoly is railways which has no close substitute.

Rahul Sunny answered 1 year ago

Compare and contrast N-fixation and mycorrhizal associations. Your answer should include the organisms involved and the...

Compare and contrast N-fixation and mycorrhizal associations. Your answer should include the organisms involved and the major role they play.

Compare and contrast MRI and PET imaging. (30 marks) (3 page limit)Your answer should include a...

Compare and contrast MRI and PET imaging. (3 page limit)Your answer should include a discussion of: The technology (how it works) Clinical applications (pros and cons) Safety

Compare and contrast the following forms of psychotherapy, cognitive humanistic, and behavioral. Identify the focus of...

Compare and contrast the following forms of psychotherapy, cognitive humanistic, and behavioral. Identify the focus of each approach as well as areas of agreement and difference.

You have to include the appropriate output in your report. Your analysis output should be properly...

You have to include the appropriate output in your report. Your analysis output should be properly shaped such as changing the decimal points, copy, and pasted on to your report paper. when you label your output, specify what program did you use to bring the regression output. Ex: Excel Regression Analysis. Submit in one file using docs or PDF format. (1-2 page including regression output) Recognizing appropriate tools & performing all analysis that needs to be done Able to organize...

Compare and contrast protein import into the mitochondria and nucleus. Include the following terms in the...

Compare and contrast protein import into the mitochondria and nucleus. Include the following terms in the way that shows you understand differences in the import mechanisms: (1) translocation mechanism, (2) signal sequences (whether the signal sequence is cleaved following import) and (3) state of protein folding (whether the proteins are in an unfolded or folded state during the import).

Compare and contrast scenario analysis, sensitivity analysis, and simulation analysis.

Compare and contrast the fee-for-service and episode of care reimbursement methodologies. In your response, include the...

Compare and contrast the fee-for-service and episode of care reimbursement methodologies. In your response, include the following: A description of each methodology. An explanation of the benefits and drawbacks of each. Identify one payment method and describe how the provider would be reimbursed under the payment model. (Examples: fee-for-service and self-pay)

Analyze the evolution of U.S. healthcare reform. Your analysis should include the following How has the...

Analyze the evolution of U.S. healthcare reform. Your analysis should include the following How has the evolution of healthcare impacted the delivery of healthcare services to date? Does healthcare reform advance the continuum of patient care? Why or why not?

Compare and contrast the role of the Management Accountant and the Financial Accountant. Your answer should...

Compare and contrast the role of the Management Accountant and the Financial Accountant. Your answer should identify the characteristics of both and consider the information provided by both. (Marking criteria) Identifies the characteristics of both the Management Accountant and the Financial Accountant. Discusses the information provided by both the Management Accountant and the Financial Accountant. Compares the roles of both types of Accountant. Contrasts the roles of both types of Accountant. please put answer in picture and by your own...

Compare and contrast the CPA and CMA designations. The following (at a minimum) should be discussed...

Compare and contrast the CPA and CMA designations. The following (at a minimum) should be discussed and will be considered in the determination of your grade: current and proposed requirements, actual and perceived value and costs, regulatory and sponsoring organizations, career pathways and opportunities, and personal reflection. Students are encouraged to add other relevant content as long as the stated requirements are met. Your research should be provided in narrative summary form and not simply consist of a listing of...

Question